On 11 February 2022, the Hong Kong government published the Employment and Retirement Schemes Legislation (Offsetting Arrangement) (Amendment) Bill 2022 (the Bill) after years of.
The Hong Kong Government is looking to abolish the use of the accrued benefits of employers mandatory contributions under the Mandatory Provident Fund (MPF) system to offset statutory severance payment and long service payment (SP/LSP). Here s what you need to know.
The Hong Kong Government published the Employment and Retirement Schemes Legislation (Offsetting Arrangement) (Amendment) Bill 2022 ("Amendment Bill")…