Following is the transcript of remarks by the Chief Executive, Mrs Carrie Lam, at a media session before the Executive Council meeting this morning (March 27):
 
Reporter: How confident are you that the employers will also accept this rumoured plan?
 
Chief Executive: Well, we will try our very best to convince the employer groups and the business chambers that this off-setting feature is actually undermining the very purpose of setting up a Mandatory Provident Fund, which is to preserve the benefits for the retirement protection of employees in Hong Kong. Now that the Government has demonstrated the needed political resolve to address this issue and to put in extra funding, I hope that we will be able to convince the employers. But as I said, we'll try our best.
 
(Please also refer to the Chinese portion of the transcript.)

Ends/Tuesday, March 27, 2018
Issued at HKT 11:59

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