Mandatory Provident Fund scheme leaflets explain the basics of Hong Kong’s retirement protection scheme, which is criticised as skewed towards protecting employers rather than workers. Photo: May Tse Mandatory Provident Fund scheme leaflets explain the basics of Hong Kong’s retirement protection scheme, which is criticised as skewed towards protecting employers rather than workers. Photo: May Tse
Mandatory Provident Fund scheme leaflets explain the basics of Hong Kong’s retirement protection scheme, which is criticised as skewed towards protecting employers rather than workers. Photo: May Tse

Letters | No relief for Hong Kong workers robbed of retirement protection by MPF offset mechanism

  • The ‘offsetting mechanism’ undercuts the very essence of pension provision and planning, by adding – on top of market risk – the possibility that one’s employer might dip into the original contribution. But discussions on scrapping it have been put off again.

Topic |   Mandatory Provident Fund (MPF)
Mandatory Provident Fund scheme leaflets explain the basics of Hong Kong’s retirement protection scheme, which is criticised as skewed towards protecting employers rather than workers. Photo: May Tse Mandatory Provident Fund scheme leaflets explain the basics of Hong Kong’s retirement protection scheme, which is criticised as skewed towards protecting employers rather than workers. Photo: May Tse
Mandatory Provident Fund scheme leaflets explain the basics of Hong Kong’s retirement protection scheme, which is criticised as skewed towards protecting employers rather than workers. Photo: May Tse
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