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. Please click here for information on application of the Subsidy Scheme for Abolition of MPF Offsetting Arrangement.