Hong Kong civil service pension system : from pension to provident fund

The article substantiates the nature of the national models of the pension system and its structure in accordance with the concept of the Organization for Economic Co-operation and Development (OECD). The basis of the national models of pension system are two well-known models of social security: Bismarck and Beveridge Social Insurance Systems. Thus, authors prepared the comparison of this models. The features of pension system in the countries of Europe (Germany, Great Britain, Sweden, Poland), the United States and Chile are analysed. The analysis of the national models of the pension system in Asian countries identifies three institutional patterns: the statist pension system (Taiwan and China), the dualist pension system (Japan and Korea) and individualist pension system (Hong Kong and Singapore). Based on trends of development of pension provision in foreign countries, authors determine the main tasks and ways to improve the domestic system, namely, introduction mandatory funded pension system and reforming the voluntary private pensions insurance.

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Civil Service System in Hong Kong

Public Administration in Southeast Asia ◽

10.4324/9781315089287-16 ◽

2017 ◽

pp. 315-330

Author(s):

John P. Burns

Keyword(s):

Hong Kong ◽

Civil Service ◽

Service System

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Moving between wage work and retirement – the commitment to wage work in later life in Hong Kong

Social Transformations in Chinese Societies ◽

10.1108/stics-06-2018-0011 ◽

2019 ◽

Vol 15 (1) ◽

pp. 64-80

Author(s):

Yeuk Mui May Tam ◽

Kam Wah Chan ◽

Ka Man Lo

Keyword(s):

Hong Kong ◽

Filial Piety ◽

Pension System ◽

Later Life ◽

Small Sample ◽

Public Pension ◽

Policy Implications ◽

Content Type ◽

Wage Work ◽

Retirement Transition

Purpose Relatively few studies about retirement transition examine economies, where a public pension system is absent. This paper aims to fill this gap in the literature. Design/methodology/approach The present study draws on the stratification and risk society approach, as well as results from unstructured interviews with 12 Chinese in Hong Kong. Findings The analyses show that the retirement transition involves moving between different forms of wage work and non-work status. These moves were undertaken because of not only financial needs but also a strong desire to be a financially self-reliant and intrinsic commitment to employment. The authors argue that the desire and commitment to employment are shaped by the underdeveloped pension system, practical orientation towards traditional Chinese filial piety norms and personal work history. Research limitations/implications The current research covers only a very small sample and uses retrospective interviewing instead of a larger and/or representative sample using prospective panel interview. Nevertheless, the research carries theoretical and policy implications of the study on retirement transition and protection. Originality/value Few local studies track retirement transitions in the way similar to the current studies. Existing studies are mostly about advanced Anglo-Saxon economies with a long history of public pension, albeit reformed in recent year, in place. The current study adds to the general literature on retirement studies.

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