Thousands of warning letters have been sent to employers who are in arrears with Mandatory Pension Fund payments. Photo:  Edmond So
Thousands of warning letters have been sent to employers who are in arrears with Mandatory Pension Fund payments. Photo: Edmond So

Hong Kong pension fund arrears hit 3-year high as coronavirus impact continues to devastate businesses

  • Mandatory Provident Fund Schemes Authority says an average of 28,500 default notices issued a month since April
  • Authority chairwoman vows to tackle problem, but some say supervisor needs to do more

Thousands of warning letters have been sent to employers who are in arrears with Mandatory Pension Fund payments. Photo:  Edmond So
Thousands of warning letters have been sent to employers who are in arrears with Mandatory Pension Fund payments. Photo: Edmond So
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