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Valtech Valuation Enhances Long Service Payment Obligations Services with Certified Actuarial Program and Expands Valuation Service Offerings

Valtech Valuation Enhances Long Service Payment Obligations Services with Certified Actuarial Program and Expands Valuation Service Offerings
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Hong kongMax tsangLong service paymentProvident fundHong kong institute of certified public accountantsValtech valuationHong kong accounting standardHong kong instituteCertified public accountantsMandatory provident fund

Company Practices to Follow When Terminating an Employee in Indonesia

We discuss Indonesia's labor law as applicable to employment contracts and how to minimize the risk of disputes due to unfair termination.

Ministry of manpowerLong service paymentIndustrial relations courtLabor lawGovernment regulationService payment

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.

Hong kongLong service paymentHong kong legislative councilProvident fund schemes ordinanceRetirement schemes legislationOffsetting arrangementLegal updateDesignated savings accountsSeverance paymentLong service payment billCurrent offsetting arrangementEmployment ordinanceTransition dateMiscellaneous amendmentsInland revenue ordinanceMandatory provident fund schemes ordinance

90 per cent of Hong Kong SMEs stand to benefit from abolition of MPF offsetting mechanism, welfare chief says

The changes will do away with a controversial practice in which employers are able to raid workers’ pensions to pay their severance.

Sam tsangOffsetting mechanismLong service paymentPolicy addressMandatory provident fundLaw chi kwongSmall and medium sized enterprises