MPF Schemes Authority data shows that, where offsetting claims were paid, 51 per cent of the employees’ total account balance was on average withdrawn for the purpose. Photo: Dickson Lee

Better retirement protection in Hong Kong begins with the end of MPF offsetting

Alex Malley says the mechanism is incompatible with the MPF’s primary role as a retirement protection vehicle, and calls for new contributions to be made exempt

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MPF Schemes Authority data shows that, where offsetting claims were paid, 51 per cent of the employees’ total account balance was on average withdrawn for the purpose. Photo: Dickson Lee
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