The signage of the MPF adorns a bank window in Hong Kong, where the retirement fund has been the subject of much criticism for allowing employers to use it for their severance packages. Photo: AFP The signage of the MPF adorns a bank window in Hong Kong, where the retirement fund has been the subject of much criticism for allowing employers to use it for their severance packages. Photo: AFP
The signage of the MPF adorns a bank window in Hong Kong, where the retirement fund has been the subject of much criticism for allowing employers to use it for their severance packages. Photo: AFP
Richard Wong
Opinion

Opinion

The View by Richard Wong

Time to get rid of offsets by employers in Hong Kong’s MPF retirement fund

Government may be on the verge of moving to "end the practice of letting employers use their MPF contribution to offset severance and long service payments"

The signage of the MPF adorns a bank window in Hong Kong, where the retirement fund has been the subject of much criticism for allowing employers to use it for their severance packages. Photo: AFP The signage of the MPF adorns a bank window in Hong Kong, where the retirement fund has been the subject of much criticism for allowing employers to use it for their severance packages. Photo: AFP
The signage of the MPF adorns a bank window in Hong Kong, where the retirement fund has been the subject of much criticism for allowing employers to use it for their severance packages. Photo: AFP
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Richard Wong

Richard Wong

Richard Wong Yue-chim is the Philip Wong Kennedy Wong Professor in Political Economy at the University of Hong Kong