Protection of Wages on Insolvency Fund continues to process claims for shortfall in ex gratia payment on severance payment

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Regarding the payment by the Protection of Wages on Insolvency Fund (PWIF) of the shortfall in ex gratia payment on severance payment (SP) to claimants, a spokesman for the Labour Department today (June 1) stated that the PWIF Board has thus far received some 680 claims of this nature and processed 660 claims, with payment of the shortfall made to 497 claimants.

"Any claim from past applicants against the PWIF Board in connection with the judgment of the Court of Final Appeal (CFA) regarding the method of calculation of ex gratia payment on SP under the PWIF will be processed on a case-by-case basis, in accordance with the CFA's interpretation of the relevant provisions and having regard to the related information provided by the claimants," the spokesman said.

Ends/Thursday, June 1, 2017
Issued at HKT 16:00

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