Labour Department to hold webinar on abolition of MPF offsetting arrangement
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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 online briefing will be conducted in Cantonese via Zoom, and admission is free of charge. The quotas will be allocated on a first-come, first-served basis, and the enrolment deadline is July 15 (Tuesday). The enrolment form can be downloaded from the thematic website of the abolition of MPF offsetting arrangement (www.op.labour.gov.hk/en/pdf/EnrolmentForm_July_Eng.pdf). For enquiries, please call 2852 3921.
Ends/Monday, June 30, 2025
Issued at HKT 11:00
Issued at HKT 11:00
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