TY - JOUR
T1 - Pension reforms in Hong Kong
T2 - Using residual and collaborative strategies to deal with the government's financial responsibility in providing retirement protection
AU - Yu, Sam Wai Kam
N1 - Copyright:
Copyright 2009 Elsevier B.V., All rights reserved.
PY - 2008
Y1 - 2008
N2 - In 2000, the Hong Kong government introduced the first compulsory retirement saving scheme intended to protect the entire workforce, the Mandatory Provident Fund (MPF). Prior to the introduction of this scheme, the government's main measure for giving financial protection to retirees was the Comprehensive Social Security Assistance (CSSA) scheme, which is a noncontributory, means-tested financial assistance scheme. This paper studies the government's attempt to introduce the MPF on top of the CSSA scheme as a means to illustrate how governments might address their financial responsibilities in providing pension schemes by adopting both the residual strategy-centered reform approach and the collaborative strategy-centered reform approach. The former approach is concerned with developing noncontributory schemes using residual strategies, and the latter is concerned with developing contributory schemes using collaborative strategies. The paper shows the difficulties involved in carrying out these two reform approaches simultaneously.
AB - In 2000, the Hong Kong government introduced the first compulsory retirement saving scheme intended to protect the entire workforce, the Mandatory Provident Fund (MPF). Prior to the introduction of this scheme, the government's main measure for giving financial protection to retirees was the Comprehensive Social Security Assistance (CSSA) scheme, which is a noncontributory, means-tested financial assistance scheme. This paper studies the government's attempt to introduce the MPF on top of the CSSA scheme as a means to illustrate how governments might address their financial responsibilities in providing pension schemes by adopting both the residual strategy-centered reform approach and the collaborative strategy-centered reform approach. The former approach is concerned with developing noncontributory schemes using residual strategies, and the latter is concerned with developing contributory schemes using collaborative strategies. The paper shows the difficulties involved in carrying out these two reform approaches simultaneously.
KW - Collaboration strategy
KW - Decommodifying effects of social services
KW - Mandatory Provident Fund
KW - Residual strategy
UR - http://www.scopus.com/inward/record.url?scp=58149242867&partnerID=8YFLogxK
U2 - 10.1080/08959420802191704
DO - 10.1080/08959420802191704
M3 - Journal article
C2 - 19042559
AN - SCOPUS:58149242867
SN - 0895-9420
VL - 20
SP - 493
EP - 510
JO - Journal of Aging and Social Policy
JF - Journal of Aging and Social Policy
IS - 4
ER -