Over the past 15 years, nearly HK$32 billion of long service and severance payments have been offset from workers’ pension funds. Photo: Edmond So

Hong Kong taxpayers are left to pick up bill for MPF offsetting mechanism

Under the latest government plan, employers will receive HK$29 billion in subsidies over 25 years to keep their hands off the retirement funds of workers

Topic |   Mandatory Provident Fund (MPF)

TOP PICKS

Over the past 15 years, nearly HK$32 billion of long service and severance payments have been offset from workers’ pension funds. Photo: Edmond So
READ FULL ARTICLE