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Hong Kong is to abolish the offsetting mechanism against severance payments and long service payments payable to employees | Dentons

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. ....

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Hong Kong's Amendment Bill to abolish MPF Offsetting Arrangement after years of consultation: All you need to know

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. ....

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Government Published Amendment Bill to Abolish MPF Offsetting Arrangement after Years of Consultation

The Hong Kong Government published the Employment and Retirement Schemes Legislation (Offsetting Arrangement) (Amendment) Bill 2022 ("Amendment Bill")… ....

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