Posted inHong Kong

Hong Kong lawmaker sings praises of scrapping MPF offsetting, as legislature prepares to vote

Hong Kong’s legislature is set to vote on scrapping the controversial Mandatory Provident Fund (MPF) offsetting mechanism, which allows firms to pay severance from an employee’s pension fund, with a lawmaker literally singing praise for the tabled bill. The Employment and Retirement Schemes Legislation (Offsetting Arrangement) (Amendment) Bill 2022 was put to the Legislative Council (LegCo) […]