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Introduction on the Abolition of MPF Offsetting Arrangement
Introduction on the Abolition of MPF Offsetting Arrangement
Key Points of the
Abolition
Information for
Employers
Information for
Employees
What is the abolition of MPF offsetting arrangement?
Arrangement for employees whose employment commences on or after 1 May 2025
Arrangement for employees whose employment commences before 1 May 2025
Arrangement for employees who join Occupation Retirement Schemes
Remember to keep wage records before the “transition date”
Limited expenses in the initial years after the abolition and get prepared early
Dismissing employees before the abolition cannot save up monies
Employees can apply for the shortfall if the aggregate benefits are less than that before the abolition
Protection of Wages on Insolvency Fund : Safety Net for Employees
