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  1. News - Hong Kong - PENSION SCHEME

    Business sector gives resounding 'no' to MPF offsetting clause

    Posted Feb 10th 2014, 10:06am by Tanna Chong, Jeffie Lam and Tony Cheung

    ... promise 'No deal' on ending loophole in MPF Despite unionists’ possible concessions on the timing of their demand to see the Mandatory Provident Fund’s “offsetting” mechanism ditched, ... allows employers to offset severance payouts and long-service pay with their contributions to the employees’ MPF accounts – from the policy address last month. But the employers remained ...

    http://www.scmp.com/news/hong-kong/article/1425107/business-sector-gives-resounding-no-mpf-offsetting-clause

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