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Client Alert 

14 February 2022




Employment & Pensions 

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

Cynthia Chung and Bernie Ng

Hong Kong - The Hong Kong Government published the Employment and Retirement
Schemes Legislation (Offsetting Arrangement) (Amendment) Bill 2022 (“Amendment
Bill”) on 11 February 2022 to implement the proposal 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”) commonly known as the “MPF Offsetting Arrangement”.



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Cynthia Chung
Partner
Deacons 

     



Elsie Chan
Partner
Deacons 

     



Helen Liao
Partner
Deacons 

     



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