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Hong Kong: Offsetting Mechanism Against Severance Payment Scrapped

Hong Kong: Offsetting Mechanism Against Severance Payment Scrapped
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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.

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Weekly Exclusive Selection | What is the role of Hong Kong in the ongoing financial war between China and the United States?

Weekly Exclusive Selection | What is the role of Hong Kong in the ongoing financial war between China and the United States?
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Hong Kong Government Passes Amendment Bill on Abolishing MPF Offsetting Arrangement

On 9 June 2022, the Hong Kong Legislative Council passed the Employment and Retirement Schemes Legislation (Offsetting Arrangement) (Amendment) Bill…

Hong kongHong kong legislative councilRetirement schemes legislationOffsetting arrangementChief executiveTransition dateOccupational retirement schemesAw firmsAw updatesEgal updatesEgal developmentsAw developmentsEgal newslettersEgal current awarenessEgal advisersEgal advisors

Hong Kong s Legislative Council approves Cancellation of MPF Offsetting

On 9 June 2022, the Legislative Council passed the Employment and Retirement Schemes Legislation (Offsetting Arrangement) (Amendment) Bill, which…

Hong kongProvident fundLegislative councilRetirement schemes legislationOffsetting arrangementMandatory provident fundEmployment ordinanceAw firmsAw updatesEgal updatesEgal developmentsAw developmentsEgal newslettersEgal current awarenessEgal advisersEgal advisors