Adverse weather is now affecting Hong Kong, all schools to be suspended on 11 July 2025

Adverse weather is now affecting Hong Kong, all schools to be suspended on 11 July 2025

閱讀中文版本 The Labour Department has reminded employers to make prior work arrangements for employees during and after rainstorm warnings as early as possible. Affected by the heavy rain and squally thunderstorms brought by the remnants of Tropical Cyclone Danas and the active southwest monsoon, the weather conditions in Hong Kong are expected to remain severe….

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401(k)s have a 'portability failure,' and that's a problem for employees

401(k)s have a ‘portability failure,’ and that’s a problem for employees

Listen and subscribe to Decoding Retirement on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. The 401(k) system, introduced in 1978, is showing its age and grappling with significant challenges. Currently, only about 50% of workers have access to these plans through their employers, and the system wasn’t built to accommodate today’s increasingly…

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Hong Kong treasury chief vows swift response to complaints over new e-pension system

Hong Kong treasury chief vows swift response to complaints over new e-pension system

Hong Kong’s treasury chief has pledged to prioritise addressing user complaints aimed at the newly launched electronic pension platform after some employers and staff faced delays when updating contribution records or struggled to withdraw their funds. Secretary for Financial Services and the Treasury Bureau Christopher Hui Ching-yu said on Wednesday that any situation that affected…

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