The Employee Choice Arrangement (ECA), also known as “semi-portability”, allows scheme members to transfer their accrued benefits from one MPF scheme to another. Here’s what you need to know.
How ECA Works
- Transfer frequency: Once per year for each contributing account
- Account types: Only applies to contributing (employment) accounts, not personal accounts
- No restrictions: You can transfer to any registered MPF scheme of your choice
- Processing time: Typically 2-4 weeks for fund transfers
Why Use ECA?
- Lower fees: Switch to schemes with lower management fees
- Better performance: Choose funds with stronger track records
- Convenience: Consolidate multiple accounts
- Investment options: Access different fund choices
2026 ECA Update
In 2026, ECA continues to be an important tool for members to optimize their MPF savings. Key considerations:
- Compare fee structures before transferring
- Consider DIS for a low-cost, diversified option
- Use eMPF platform for convenient transfer processing
How to Transfer via ECA
- Choose your new MPF scheme
- Complete the “Scheme Member’s Request for Fund Transfer Form”
- Submit to your new scheme’s trustee
- Wait for processing (typically 2-4 weeks)
Key Reminders
- ECA only applies to contributing accounts, not personal accounts
- You can only transfer once per year per contributing account
- Consider the eMPF platform for streamlined processing
- Review fund performance and fees before transferring
[Source: MPFA]