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June 13, 2022
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...
June 10, 2022
On 9 June 2022, the Hong Kong Legislative Council passed the Employment and Retirement Schemes Legislation (Offsetting Arrangement) (Amendment) Bill…
June 10, 2022
On 9 June 2022, the Legislative Council passed the Employment and Retirement Schemes Legislation (Offsetting Arrangement) (Amendment) Bill, which…
April 1, 2022
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...
March 29, 2022
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). Heres what you need to know.
February 14, 2022
The Hong Kong Government published the Employment and Retirement Schemes Legislation (Offsetting Arrangement) (Amendment) Bill 2022 ("Amendment Bill")…