Eligibility

Employees who are currently not covered by the MPF System or other statutory retirement schemes are not affected by the abolition of MPF offsetting arrangement. Their employers will not be eligible for Government subsidy.

Public bodies/subvented organisations will not be eligible for Government subsidy if their employees’ SP/LSP has been fully funded by the Government. Details of the application eligibility are to be announced.

Subsidy Scheme for Abolition of MPF Offsetting Arrangement

Key points

What is “$500,000 threshold”?

Calculate employers' shared amount

Examples

Method of subsidy

Eligibility