The Occupation Retirement Scheme (ORS) was the retirement benefits scheme in force before the MPF was enacted. Employers continuing under the ORS must give employees a one-off choice on which scheme they wish to join.

MPF or Mandatory Provident Fund refers back to the government-regulated retirement plan. Unlike ORSO, MPF schemes are legally essential for most employers and employees. Key Characteristics of MPF Schemes. Compulsory Contributions: Compulsory price for each employer and employee of a detailed percent of the worker’s earnings.

The abolition of MPF offsetting arrangement is also applicable to employees who join the following Occupational Retirement Schemes (ORS): ORS that are granted exemption under the Mandatory Provident Fund Schemes Ordinance (MPFSO)

MPFA assumes the role of the Registrar of Occupational Retirement Schemes (ORSO schemes). Our work in this area includes (but not limited to) the following: ORSO schemes and MPF schemes are both retirement protection schemes set up for employees in Hong Kong, but their operations are different.

Find an overview of MPF fund types, features, investment objectives, investment instruments, risk levels, and fees and charges. MPF Calculators Make use of the online calculator to estimate how much you will need for retirement, or calculate your MPF accrued benefits.

MPF Arrangements for Working Overseas. Learn here whether you need to be enrolled in an MPF scheme if you are working outside Hong Kong.

僱主必須先與僱員擬定設立退休計劃的合約，並在擬定合約後3個月內，向強制性公積金計劃管理局（積金局）提出申請。 申請表格可於 積金局網頁 下載。 僱主亦須根據《條例》 附表二，就計劃的各項安排取得精算師證明書。

The Inland Revenue (Amendment) (No. 2) Ordinance 2019 provides two timetables for MPF schemes, ORSO schemes and others to identify reportable accounts among pre-existing individual accounts. Review of a pre-existing individual account that is a high value account must be completed by 31 December 2020.

2018年1月30日 · If you do have the choice between an MPF and an ORSO, some questions to consider include: Will ORSO contributions all be made by you, your employer, or a combination of both? Some ORSO plans I’ve seen require no employee contribution, which some view as …

If the following criteria are met, you are entitled to choose between joining an MPF scheme or an MPF exempted ORSO scheme: your employer operates both an MPF scheme and an MPF exempted ORSO scheme; you are a new eligible employee; and; the governing rules the ORSO scheme opens membership to new eligible employees.