An office worker walks past a poster of the Hong Kong skyline, in North Point on April 2. Even after two decades, the MPF scheme has yet to be seen as a useful pillar of retirement protection. Photo: Sam Tsang
An office worker walks past a poster of the Hong Kong skyline, in North Point on April 2. Even after two decades, the MPF scheme has yet to be seen as a useful pillar of retirement protection. Photo: Sam Tsang

Letters | Two steps for Hong Kong to ensure better retirement protection for all under MPF scheme

  • While the low contribution rate makes it impossible to accumulate sufficient retirement income, the offset mechanism eats into employee benefits
  • Eliminate offsets by April 2021, and allow public funding of some part of MPF contributions. Shouldering the cost would not be too onerous for the government

Topic |   Hong Kong economy
An office worker walks past a poster of the Hong Kong skyline, in North Point on April 2. Even after two decades, the MPF scheme has yet to be seen as a useful pillar of retirement protection. Photo: Sam Tsang
An office worker walks past a poster of the Hong Kong skyline, in North Point on April 2. Even after two decades, the MPF scheme has yet to be seen as a useful pillar of retirement protection. Photo: Sam Tsang
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