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Keep the MPF true to its purpose
The Mandatory Provident Fund was set up to help ensure employees could afford to live in retirement, using contributions by themselves and their employers over the years.
But the maximum total contribution of HK$24,000 per year is already not enough to provide for the retirement years, so how could it be possible to allow phased withdrawals before retirement, as some people demand?
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The government should not deviate from the original purpose of the scheme. Hongkongers should not only learn to save money from the time they are young but should also have the persistence to succeed in saving enough for their old age.
Eleanor Wong, Pooi To Middle School
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Old exam format had its benefits
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