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Old Age Allowance (OAA), colloquially known as fruit money, is a Hong Kong government programme introduced in 1973 which provides monthly payments of $1,290 to elderly Hong Kong residents. There is no means test for the Higher Old Age Allowance given to recipients of age 70 or above.
The purpose of the Scheme is to provide the Old Age Allowance (Fruit Money), on a monthly basis, for eligible Hong Kong people aged 65 or above who choose to reside in Guangdong. [1] The recipients can get a monthly cash allowance of $1,135 if they satisfy the minimum residence period of 60 days in Guangdong in a payment year, along with the ...
The current and older permits are credit card-sized which makes it more efficient to carry in one's wallet. The older permit is also machine readable, which facilitates entry into mainland China at any staffed immigration checkpoint or through self-service immigration gates at Hong Kong-Shenzhen boundary, Macau-Zhuhai boundary, and international airports throughout mainland China.
After seven consecutive years of budget surplus, the Hong Kong Government held a record HK$579 billion in reserve during the 2011 financial year. [4] Under pressure to use the money to do more for the elderly and the poor, Financial Secretary John Tsang announced in the 2011–2012 budget on 23 February 2011 a scheme modelled from the 2008–2009 financial year, whereby HK$6,000 were to be ...
Global Aging Institute president Richard Jackson remarked in 2016 that the retiring baby-boomers in Hong Kong were faced with challenges, as MPF was immature and traditional family retirement support was breaking down. [22] Dr Ernest Chui, an academic at Hong Kong University criticised the scheme as being unadapted to Hong Kong workers.
Westerns, fantasies, outer space and even fast fashion are influencing the baby boy names of 2025, making certain names even more popular.
The Food and Drug Administration may finally move to ban artificial red food dye, the coloring found in beverages, snacks, cereals and candies. At the Senate Health, Education, Labor and Pensions ...
Jewish Americans and Israeli Americans experience "serious discrimination" when applying for jobs, a shocking study released by the Anti-Defamation League Wednesday claims.