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LegCo Finance Committee to continue examining the funding proposals for introducing the Old Age Living Allowance on Friday
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The following is issued on behalf of the Legislative Council Secretariat:

     The Chairman of the Legislative Council (LegCo) Finance Committee (FC) Chairman has decided that three FC meetings will be held in Conference Room 1 of the LegCo Complex on Friday (November 16).  During the meetings, FC members will continue to examine the Government proposals of seeking a supplementary provision of $2,575.2 million in 2012-13 for the introduction of the Old Age Living Allowance (OALA); and increasing the ceiling placed on the total notional annual mid-point salary value of all non-directorate posts in the permanent establishment of the Social Welfare Department in 2012-13 by $23,264,040 to enable the creation of a total of 90 non-directorate civil service posts for implementing the OALA.  Moreover, FC members will also examine the funding proposal for the 2012-13 Judicial Service Pay Adjustment.

     On that day, the first LegCo FC meeting will start at 3.30pm while the second FC meeting will start at 5.40pm if the House Committee (HC) needs not resume its meeting at 5.30pm.  If the HC needs to resume its meeting at 5.30pm, the second FC meeting will start immediately after the HC meeting has finished its business.  The third FC meeting will start 30 minutes after the second FC meeting.

     For the discussion papers of the meetings, please visit the following webpage: www.legco.gov.hk/yr12-13/english/fc/fc/agenda/fc20121116.htm

Ends/Wednesday, November 14, 2012
Issued at HKT 16:37

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