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Key Points of the Abolition

• 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

Information for Employers

• 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 money

Information for Employees

• 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

• Key points
• What is “$500,000 threshold”?
• Calculate employers' shared amount
• Examples
• Method of subsidy
• Eligibility