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. 

The government and the Mandatory Provident Fund Schemes Authority should start placing limits on how much bosses can take out of an employee's account.

Bosses must stop dipping into workers' retirement funds

Everyone knows about the Mandatory Provident Fund's shortcomings, yet no one seems to have a clear idea how to reform it. Among its most glaring flaws, at least if you are an employee and not a boss, is the so-called offsetting mechanism.