Labour Department to hold briefing on abolition of MPF offsetting arrangement

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     The Labour Department will hold a briefing on the abolition of Mandatory Provident Fund (MPF) offsetting arrangement on June 26 (Thursday) at 3.30pm at the Hall, North Point Community Hall, 123 Java Road, North Point. Participants may also join the briefing online in real time via Zoom. Employers, employees and human resources practitioners are welcome to attend.

     The abolition of MPF offsetting arrangement took effect on May 1 to improve the retirement protection of employees. To tie in with the abolition, the Government on the same day launched the 25-year Subsidy Scheme for Abolition of MPF Offsetting Arrangement (SSA) to share out the severance payment/long service payment expenses of employers after the abolition. The key features of the abolition of MPF offsetting arrangement, the calculation of severance payment/long service payment after the abolition, and the main points of the SSA will be introduced in the briefing.

     The briefing will be conducted in Cantonese, and admission is free. Quotas will be allocated on a first-come, first-served basis, and the enrolment deadline is June 18 (Wednesday). The enrolment form can be downloaded from the thematic website of the abolition of MPF offsetting arrangement (www.op.labour.gov.hk/en/pdf/Enrolment Form_June_(e).pdf). For enquiries, please call 2852 3921.

Ends/Monday, May 26, 2025
Issued at HKT 11:00

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