Concern groups appeal to Hong Kong lawmakers to scrap the MPF offset mechanism that allows employers to dip into staff contributions to make long service and severance payments, outside the government headquarters in Admiralty in June 2017. Photo: Jonathan Wong

Who gains from Hong Kong’s MPF pension fund? Surely not retiring workers

  • From the outset, the Mandatory Provident Fund seemed to focus on the needs of the government, providers and company bosses rather than future retirees
  • Not all MPF contributors may be financially aware enough to monitor their accounts and the market
Topic |   Mandatory Provident Fund (MPF)

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Concern groups appeal to Hong Kong lawmakers to scrap the MPF offset mechanism that allows employers to dip into staff contributions to make long service and severance payments, outside the government headquarters in Admiralty in June 2017. Photo: Jonathan Wong
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