Several welfare groups and lawmakers criticised the Chief Executive, CY Leung, on Saturday for not introducing a universal pension scheme during his time in office, accusing him of failing to meet a 2012 election pledge.
In his final policy address on Wednesday, Leung set out his plan to boost the existing Old Age Living Allowance by around a third to HK$3,435 per month for the poorest elderly people in Hong Kong. He also suggested the asset limits for the current allowance should be relaxed for those slightly better off.
But Nick Chan from the Alliance for Universal Pension said the government should introduce a pension scheme to cover all elderly people in the territory. He also attacked a proposal to increase the age people become eligible for elderly Comprehensive Social Security Assistance from 60 to 65.
Chan said four years of consultation had shown that the majority of Hong Kong people wanted to see universal pensions brought in, but Leung had “lied to the public” and did not make good on his promise.