TV Announcement

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Abolition of MPF offsetting arrangement

Moses Chan: No more offsetting ...
Waiter: What?
Moses Chan: I'm talking about the abolition of MPF offsetting
Moses Chan: From May 1, 2025
employers’ mandatory contributions
can no longer be used
to offset employees’ post-transition portion
of severance payment or long service payment
Super: 2025 MAY 1
TRANSITION DATE
Abolition of Offsetting
Super
(on graphic):
Accrued Benefits of Employers’ MPF Contributions
2025 MAY 1
Severance Payment / Long Service Payment
Pre-transition Portion
Can Offset
Post-transition Portion
Cannot Offset
Moses Chan: But employers need not worry
The Government’s 25-year subsidy scheme
will help share employer expenses
Super: Logo of Subsidy Scheme for Abolition of MPF Offsetting Arrangement
25-year Subsidy Scheme
Moses Chan: Employers and employees need to know
Offsetting is about to go!
Super: Employers and employees need to know
Offsetting is about to go
2025 MAY 1
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www.op.labour.gov.hk
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