The MPF offsetting mechanism has been a bone of contention since the scheme started. Photo: Martin Chan

Hong Kong leader Carrie Lam’s proposal to increase MPF subsidy to HK$29.3 billion over 25 years to remove offsetting mechanism fails to impress business leaders or unionists

Chief executive makes clear in policy address that controversial mechanism in pension scheme must be scrapped

Topic |   Mandatory Provident Fund (MPF)

TOP PICKS

The MPF offsetting mechanism has been a bone of contention since the scheme started. Photo: Martin Chan
READ FULL ARTICLE