pensions.hk

Jul 05 2022

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Law stopping Hong Kong bosses from raiding MPF funds to cover staff payment obligations is too little, too late, critics argue

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They argued abolishing the so-called offsetting mechanism under the Mandatory Provident Fund … s monthly salary to the pension fund, capped at a combined HK$3,000. Why the Hong Kong government...

Jun 21 2022

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Hong Kong – MPF Investments Broadened To Include Chinese Government Bonds.

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Hong Kong – MPF Investments Broadened To Include Chinese Government Bonds. Legal News and Analysis – China, Hong Kong – Banking & Finance, Investment Funds – …

Jun 18 2022

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Hong Kong – Passes Two Important Employment-Related Bills Within One Week.

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Hong Kong – Passes Two Important Employment-Related Bills Within One Week. Legal News and Analysis – Hong Kong – Labour & Employment – …

Jun 17 2022

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Hong Kong pension industry hails scrapping of MPF offsetting mechanism

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Hong Kong will abolish the so-called offsetting mechanism in the Mandatory Provident Fund, a move long sought by the pension industry, which says it will bolster retirement protection for the...

Jun 16 2022

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Govt To Verify CVS Eligibility List with MPFA, Inform Ineligible Pax

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Those leaving or intending to leave Hong Kong permanently are ineligible for the second phase of the Consumption Voucher Scheme (CVS) upon amendments. The Government shall verify with Mandatory …

Jun 15 2022

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Hong Kong Pension Pot Shrinks 11% on China Market Turmoil

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Live market coverage co-anchored from Hong Kong and New York. Overnight on Wall Street is daytime in Asia. Markets never sleep, and neither does Bloomberg. Track your investments 24 hours...

Jun 14 2022

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Hong Kong Update: Removal Of MPF Offsetting Arrangements On The Way.

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Removal Of MPF Offsetting Arrangements On The Way. Legal News and Analysis – Hong Kong – Labour & Employment – …

Jun 10 2022

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Hong Kong passes bill abolishing ‘offset’ scheme on MPF

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This resulted to weakened retirement protection offered to employees, according to the government, with the contributions to the MPF depleting because of the offsetting arrangemen …

Jun 10 2022

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Hong Kong Legco approves to abolish MPF offsetting arrangement

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The offsetting arrangement could be expected to be formally abolished in 2025. The government will provide a subsidy of HK$33.2bn for employers.

Jun 10 2022

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Hong Kong stops firms dipping into pension funds for severance payments, after 20 year battle

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Hong Kong’s bosses will no longer be allowed to dip into a worker’s pension fund to make severance and long service payments after legislators voted to ban the practice, following...