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What is the retirement treatment of the Chief Executive?
The Chief Executive of Hong Kong can enjoy a series of retirement benefits after retirement, including pension, retirement allowance and resettlement allowance. Pension: The salary of the Chief Executive during his term of office is the basis of his pension. When he retires, he can get a pension proportional to his total salary, and the proportion depends on his working years. Retirement allowance: the CEO can get no less than 80% of his salary after retirement, and this allowance will last until his death. The amount of subsidy also depends on the length of service. Resettlement allowance: After the Chief Executive retires, the government will provide him with preferential treatment for housing and civil servants, and provide resettlement allowance to subsidize his studio and office rent. Generally speaking, the treatment of the Chief Executive of Hong Kong after retirement is relatively favorable, but some conditions need to be met before he can enjoy these treatments, such as the minimum length of service.
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