Abolition of MPF offsetting arrangement
| Moses Chan: | No more offsetting ... | ||||
| Waiter: | What? | ||||
| Moses Chan: | I'm talking about the abolition of MPF offsetting | ||||
| Moses Chan: |
From May 1, 2025 employers’ mandatory contributions can no longer be used to offset employees’ post-transition portion of severance payment or long service payment |
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| Super: |
2025 MAY 1 TRANSITION DATE Abolition of Offsetting |
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| Super: (on graphic) |
Accrued Benefits of Employers’ MPF Contributions 2025 MAY 1 TRANSITION DATE Severance Payment / Long Service Payment
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| Moses Chan: |
But employers need not worry The Government’s 25-year subsidy scheme is in place to share employer expenses |
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| Super: |
Logo of Subsidy Scheme for Abolition of MPF Offsetting Arrangement 25-year Subsidy Scheme |
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| Moses Chan: | Check it out: abolition of offsetting is in effect | ||||
| Super: |
Check it out Abolition of offsetting is in effect 2025 MAY 1 Labour Department logo www.op.labour.gov.hk + QR code |
