The vast majority of small and medium-sized enterprises stand to benefit from the abolition of the so-called offsetting mechanism under the MPF. Photo: Sam Tsang The vast majority of small and medium-sized enterprises stand to benefit from the abolition of the so-called offsetting mechanism under the MPF. Photo: Sam Tsang
The vast majority of small and medium-sized enterprises stand to benefit from the abolition of the so-called offsetting mechanism under the MPF. Photo: Sam Tsang

90 per cent of Hong Kong SMEs stand to benefit from abolition of MPF offsetting mechanism, welfare chief says

  • The changes will do away with a controversial practice in which employers are able to raid workers’ pensions to pay their severance
  • New government subsidies that will accompany the change will also make employers’ lives easier, officials say

Topic |   Carrie Lam policy address 2021
The vast majority of small and medium-sized enterprises stand to benefit from the abolition of the so-called offsetting mechanism under the MPF. Photo: Sam Tsang The vast majority of small and medium-sized enterprises stand to benefit from the abolition of the so-called offsetting mechanism under the MPF. Photo: Sam Tsang
The vast majority of small and medium-sized enterprises stand to benefit from the abolition of the so-called offsetting mechanism under the MPF. Photo: Sam Tsang
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