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.
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