Hong Kong Finally Passes Bill Abolishing Offsetting Mechanism of the Mandatory Provident Fund Scheme | Perspectives & Events

After years of discussion, the Hong Kong Legislative Council finally passed the Employment & Retirement Schemes Legislation (Offsetting Arrangement) (Amendment) Bill 2022 on 9 June 2022 that will eventually abolish the statutory right of an employer to reduce its long service pay or severance pa...

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