As the MPF scheme now provides basic retirement benefits for almost every employee in the private sector, we should consider whether the various schemes can be rationalised. Photo: EPA
Time to rationalise the patchwork retirement provisions for Hong Kong workers
Lawrence J. Lau says the contentious issue of whether we should ‘offset’ severance and long-service payments with an employee’s MPF can be resolved with a more sensible system of benefits
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Mandatory Provident Fund (MPF)
As the MPF scheme now provides basic retirement benefits for almost every employee in the private sector, we should consider whether the various schemes can be rationalised. Photo: EPA