The MPF scheme covers more than 2.8 million workers in Hong Kong. Photo: Felix Wong
The MPF scheme covers more than 2.8 million workers in Hong Kong. Photo: Felix Wong

Hong Kong passes long-awaited labour bill to scrap MPF offsetting mechanism, protecting workers’ pensions

  • Move ends decade-long debate between bosses and unions, preventing employers from dipping into staff pensions to cover severance and long-service payments
  • Three legislators from pro-business Liberal Party were among those who opposed bill

The MPF scheme covers more than 2.8 million workers in Hong Kong. Photo: Felix Wong
The MPF scheme covers more than 2.8 million workers in Hong Kong. Photo: Felix Wong
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