Posted inHong Kong

Hong Kong stops firms dipping into pension funds for severance payments, after 20-year battle

From 2025, Hong Kong bosses will no longer be allowed to dip into a worker’s pension fund to make severance and long service payments after legislators voted to ban the practice, following a 20-year campaign by labour unions. The Legislative Council on Thursday passed a bill to amend the offsetting mechanism of the Mandatory Provident […]