Posted on 18th Mar 2025 @ 10:42 PM

******

The Labour Department will hold a webinar on the abolition of the Mandatory Provident Fund (MPF) offsetting arrangement on March 27 (Thursday) at 3.30pm. Employers, employees and human resources practitioners are welcome to attend.

     The abolition of MPF offsetting arrangement will be implemented on May 1 to improve the retirement protection of employees. The Government will at the same time launch 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 quota will be allocated on a first-come, first-served basis and the enrolment deadline is March 14 (Friday). 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_Mar 2025_Eng.pdf). For enquiries, please call 2852 3921.