Protection of Wages on Insolvency Fund continues to process claims for shortfall in ex gratia payment on severance payment

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     Regarding the payment by the Protection of Wages on Insolvency Fund (PWIF) of the shortfall in ex gratia payment on severance payment (SP) to claimants, a spokesman for the Labour Department today (April 18) stated that over 400 claimants had already been paid the relevant shortfall amounts.

     "Up to the present, the PWIF Board has received some 670 claims for the shortfall in ex gratia payment on SP and processed 591 claims, with payment of the shortfall in ex gratia payment on SP made to 455 claimants," the spokesman said.

     "Any claim from past applicants against the PWIF Board in connection with the judgment of the Court of Final Appeal (CFA) regarding the method of calculation of ex gratia payment on SP under the PWIF will be processed on a case-by-case basis in accordance with the CFA's interpretation of the relevant provisions and having regard to the relevant information provided by claimants."

Ends/Tuesday, April 18, 2017
Issued at HKT 18:00

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