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  • November 29, 2014
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Results 1 - 10 of 15 for mpf

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  1. Minimum wage may guide MPF changes

    Posted May 12th 2010, 12:00am by Dennis Eng, Gary Cheung

    ... Provident Fund advisory committee said. After its first 10 years, adjustments to the MPF scheme- the financial safety net for millions of workers- are being considered. Changes under consideration include raising the HK$5,000 minimum and HK$20,000 maximum monthly salary cap for contributions. Stanley Lau Chin-ho, deputy chairman of the Federation of Hong Kong Industries and an MPF Schemes ...

  2. MPF handouts to be recovered

    Posted Apr 07th 2009, 12:00am by Staff Reporter

    ... Eva Wu The Mandatory Provident Fund Schemes Authority will begin to recover payments mistakenly made to 2,300 MPF accounts by the end of this month. People whose pension accounts were ... into 2,300 MPF accounts. A one-off giveaway of HK$9 billion was aimed at 1.4 million workers whose monthly income was less than HK$10,000. The mistaken payments were made into the accounts of people ...

  3. Government defends sums on MPF boost

    Posted Mar 21st 2009, 12:00am by Martin Wong

    ... of government cash into their MPF accounts- although he admitted it might mean some non-eligible people got the payments. Deputy Secretary for Financial Services and the Treasury Patrick Ho Chung-kei ... the Mandatory Provident Fund Schemes Authority said on Wednesday that it had received about 20 inquiries from people wondering if their MPF accounts had been topped up by mistake, as their usual salary ...

  4. HK spending reaches record levels

    Posted Jul 26th 2011, 12:00am

    ... for promoting credit and charge cards, at HK$349.14 million, as well as personal loans and financing, HK$326.03 million. Ma, however, pointed out that marketing for Mandatory Provident Fund (MPF) schemes had the most significant growth, at 500 per cent year-on-year to HK$20.51 million in the first half. The MPF, which covers about 2.5 million Hong Kong workers, is a compulsory retirement ...

  5. In Brief

    Posted Feb 08th 2011, 12:00am by Staff Reporter

    ... that when conflict arose, they would punish their children by beating them. Three fined for making false MPF statements Three people were convicted and fined a total of HK$24,000 at Kwun Tong Court ... Meanwhile, four employers were fined a total of HK$67,500 at the same court after being convicted of failing to make MPF contributions. Polish man goes missing at wharf Police are appealing ...

  6. The new budget giveaways

    Posted Mar 03rd 2011, 12:00am by Staff Reporter

    ... [HK$6,000 MPF injection] was too uncertain. I am not sure what I could buy when I retire at 60... Now everybody is happy about the payout as it covers more people.' Griffith Jones, 54, ...

  7. The new budget givveaways

    Posted Mar 03rd 2011, 12:00am by Staff Reporter

    ... [HK$6,000 MPF injection] was too uncertain. I am not sure what I could buy when I retire at 60... Now everybody is happy about the payout as it covers more people.' Griffith Jones, 54, ...

  8. No escape from the post-budget blues

    Posted Feb 27th 2011, 12:00am by Philip Bowring

    ... scant relationship to other inflation measures. The injection of HK$24 billion into MPF accounts is acceptable in principle but further cuts in charges by the provider oligopoly are essential. ...

  9. Key points

    Posted Feb 24th 2011, 12:00am by Staff Reporter

    ... Giveaways HK$6,000 in each person's MPF account, at a cost of HK$24 billion Two months' rent free for public housing tenants, at a cost of HK$1.9 billion Electricity subsidy of HK$1,800 for every household, at a cost of HK$4.7 billion Property rates for 2011-12 to be waived, subject to a cap of HK$1,500 per quarter per property, at a cost of HK$9.9 billion Extra ...

  10. Japanese cruise into retirement at a sedate rate of knots

    Posted Jan 18th 2011, 12:00am by Enoch Yiu

    ... This is definitely not enough to allow a retiree to take a long cruise. For Hong Kong people to enjoy a good retirement like the Japanese, the government needs to review the MPF and consider increasing ...




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