Government Launches Re-employment Allowance Pilot Scheme to Support Workers Aged 40 and Above

LCQ20: Re-employment Allowance Pilot Scheme

Following is a question by Reverend Canon the Hon Peter Douglas Koon and a written reply by the Secretary for Labour and Welfare, Mr Chris Sun, in the Legislative Council today (May 7):

Question:

The 2023 Policy Address announced the launch of a three-year Re-‍employment Allowance Pilot Scheme (the Pilot Scheme), targeting at elderly and middle-aged persons aged 40 or above who have not been in paid employment for three consecutive months or more. To encourage these persons to rejoin the workforce, those who have worked for six consecutive months will be provided with a maximum allowance of $10,000, while those who have worked for 12 consecutive months will be given an additional maximum allowance of $10,000. In this connection, will the Government inform this Council:

(1) whether it will further improve the Pilot Scheme, such as increasing the amount of allowance, and strengthening employment counselling, job referral and post-placement follow-up services; if so, of the details; if not, the reasons for that; and

(2) whether performance indicators have been set for the Pilot Scheme, and whether the effectiveness of the Scheme in promoting re-‍employment among elderly and middle-aged persons is reviewed in a timely manner; if so, of the details; if not, the reasons for that?

Reply:

President,

Launched by the Labour Department (LD) on July 15, 2024, the three-year Re-‍employment Allowance Pilot Scheme (REA Scheme) encourages persons aged 40 or above who have not been in paid employment for three consecutive months or more to join the employment market. Each eligible participant who has worked full-time for six consecutive months will be provided with a re-employment allowance (REA) of $10,000, while those who have worked full-time for 12 consecutive months will be given an additional allowance of $10,000. Half-rate REA will be given to those who have worked part-time. Each participant may receive a maximum REA of $20,000 during the implementation of the REA Scheme. In response to the Member's question, the reply is provided below.

The response to the REA Scheme is very favourable. From July 15, 2024 toMarch 31, 2025, over 38000 participants and more than 16000 placements were recorded, far exceeding the original target of benefiting 6000 employed persons during the three-year implementation period.

The LD has been providing free and diversified employment services for participants of the REA Scheme. Participants may search for jobs through the LD's Interactive Employment Service website (www.jobs.gov.hk), job centres across the territory, the Telephone Employment Service Hotline (29690888) or other channels. In addition, the LD from time to time stages large-scale job fairs targeting the elderly and middle-aged as well as district-based job fairs on part-time employment, etc, to promote the employment of the elderly and middle-aged. In tandem, the Government has commissioned two service providers, which have set up 12service spots across the territory and two telephone hotlines, to assist with the implementation of the Scheme.

The LD will closely monitor the implementation of the REA Scheme and make timely adjustments to the implementation arrangements in light of the employment market situation and the views of the stakeholders.

The LD plans to conduct a mid-term review on the REA Scheme in the first quarter of 2026 to evaluate the effectiveness of the Scheme and map out the way forward. As the number of employment placements may be affected by various factors such as the economy, labour market situation and the personal circumstances of job seekers, it is not appropriate to set key performance indicators for the REA Scheme.

Notes exchange service and electronic lai-see for Chinese New Year

The following is issued on behalf of the Hong Kong Monetary Authority:

As the Chinese New Year draws near, the Hong Kong Monetary Authority (HKMA) and the three note-issuing banks (The Hongkong and Shanghai Banking Corporation Limited, Standard Chartered Bank (Hong Kong) Limited and Bank of China (Hong Kong) Limited) announced today (January 13) that new notes and good-as-new notes, i.e. used notes which are in good condition and suitable for use as lai-see, will be available for exchange at branches of the three note-issuing banks from February 3 (Tuesday) to February 16 (Monday).

The HKMA encourages the public to use electronic channels including the Faster Payment System available via online or mobile banking, or other e-wallet services for giving lai-see. Giving electronic lai-see is simple and convenient, and will contribute to sustainable development by reducing the usage of physical red packets and banknotes. Major banks and electronic payment operators will encourage giving electronic lai-see by various promotional programmes. The public may refer to the details of these programmes as and when announced by banks and operators.

The three note-issuing banks will put in place appropriate measures to facilitate the notes exchange, including:

(1)

Advancing the opening hour to 8am on the first 3 days of the service period, i.e. February 3 (Tuesday) to February 5 (Thursday), and dedicating the aforesaid additional operation hour, i.e. 8am to 9am, exclusively for providing the notes exchange service;

(2)

Offering online booking service for both new notes and good-as-new notes starting from January 27 (Tuesday), details of which will be announced by individual note-issuing banks within next week; and

(3)

Putting in place crowd management measures such as distributing physical tickets and implementing queue management when needed.

Members of the public who desire to use cash for giving lai-see may wish to check for any remaining stock of new notes or good-as-new notes at home before going to a bank. Also, there is no need to rush to exchange for new notes and good-as-new notes during the first few days of the service period as banks will ensure the supply of these notes throughout the service period.

Source: AI-found images