Tuesday, May 16, 2006

Hong Kong: Low Retirement Age Threatening Brain Drain

Doug Crets writes that attendees at an HSBC retirement forum were told by a researcher on aging and a legislator that "Hong Kong's low mandatory retirement age--coupled with its rapidly aging population and one of the world's lowest birth rates--will lead to a 'brain drain' unless the government and individuals plan for the future." However, he also notes that a recent survey on aging shows that most Hong Kong people believe the government should enforce mandatory "additional private savings" and increase the retirement age.

Source: "Aging expert warns of brain drain" The Standard (May 16, 2006)

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