The MPF is meant to give workers a nest egg for retirement. Photo: Felix Wong

Hong Kong business leaders wary of giving full backing to improved HK$29 billion MPF subsidy plan to stop bosses raiding workers’ pension funds

Small businesses still worried about having to bear full cost of severance and long service payments, trade body says

Topic | Mandatory Provident Fund (MPF)

Sum Lok-kei and Phila Siu

Published: 7:15am, 3 Oct, 2018

Updated: 10:57am, 4 Oct, 2018

The MPF is meant to give workers a nest egg for retirement. Photo: Felix Wong

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Sum Lok-kei

Sum Lok-kei joined the Post in 2018. He is a reporter on the Hong Kong desk.

Phila Siu

Phila Siu, also known as Bobby, has been a journalist since 2009. He has reported on human rights, security, politics, and society in Hong Kong, mainland China and Southeast Asia. He holds a bachelor's degree in journalism from Hong Kong Baptist University and a human rights law master's degree from the University of Hong Kong.