The Mandatory Provident Fund (MPF) is a compulsory pension fund designed by the Hong Kong government as a major protection scheme for the aged and retired residents. Most employees and their employers are required to contribute monthly. A 2012 study by the Consumer Council shows that almost half of the MPF funds have posted losses in each of the past five years.
Briefs, January 13, 2013
Kenji Fujimoto was accepted into Kim Jong-il's inner circle during a 13-year stint serving North Korea's first family. The Japanese sushi chef gives Julian Ryall his take on the communist dynasty'...
Provident fund claims against travel agency
In a District Court writ, the Mandatory Provident Fund Schemes Authority is claiming HK$101,590 from travel agency SIG Holiday. It says the agency failed to pay the amount on behalf of its employees between June and October last year. The firm's licence was revoked last month.
Tung Chun seeks to lift block on tower heights
Soy sauce manufacturer Tung Chun is seeking leave for a judicial review to quash the building height restriction of 120 metres imposed by the Town Planning Board last April on the redevelopment of its Kwai Chung plant site. It wants to build two residential buildings, of 138.55 metres, and one hotel, of 148 metres, on the site.
Public views sought on waste scheme
The Environmental Protection Department will seek public opinion on implementing a solid -waste charging scheme. Issues for discussion include whether to charge progressively, and illegal dumping.
Animal cruelty unit will have to wait
The police are too short of manpower to establish a team dedicated to combatting animal cruelty, Commissioner of Police Andy Tsang Wai-hung said. Most forces co-operate with animal welfare groups to tackle such crimes, he said.
More pools means fewer lifeguards
The Island East Swimming Pool was closed twice yesterday because too few lifeguards were on duty. A union said there had been a shortage of lifeguards since the government opened nine more indoor pools.