Advertisement
Virgin Airline cabin crew in Hong Kong affected by layoffs protest against the MPF offset mechanism in December 2015. The average administrative fee is still 1.56 per cent a year, not including brokerage and other costs. Photo: Edward Wong

There were good reasons for giving employers the right to choose Mandatory Provident Schemes for their employees when the MPF system was set up in 2000.

This arrangement was administratively simpler and more cost-efficient, and facilitated the efficient launch of the system back then

Chang Yan-chee, MPF

Letter to the editor,

July 27

Let us consider what has always been the simplest and most cost-efficient way of setting up the MPF.

Advertisement