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Introduction on the Abolition of MPF Offsetting Arrangement - Information for Employers
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Remember to keep wage records before the “transition date”

Remember to keep wage records before the “transition date” Remember to keep wage records before the “transition date”

  • Employers are required to keep –

    • the wage and employment records of each employee covering the period of his/her employment during the preceding 12 months

    • for employees whose employment commences before the “transition date” – the wage records covering the employment period during the 12 months immediately preceding the “transition date” to facilitate the calculation of pre-transition portion of severance payment and long service payment where necessary

  • Employers must keep the above records until six months after the employee ceases to be employed.

  • According to the Employment Ordinance, an employer who fails to keep the employment and wage records of employees is liable to prosecution and, upon conviction, to a fine of $10,000.