How Many Defaulting Employers Were on the MPFA Blacklist?

What happened in May 2011?

A 23 May 2011 report said the MPFA would publish its first online blacklist of defaulting employers — 3,600 records over five years of civil judgments or criminal convictions, covering 2,400 employers with company names and business registration numbers; 13 were repeat offenders, one defaulting three times in five years, with names cleared after five clean years. A directors’ blacklist would list only new convictions, searchable by name — though identical names could confuse without ID numbers.

What’s the blacklist for?

Workers can check employers before joining, hirers can vet contractors, government can screen outsourcers — deterrence through transparency.

How much did the MPFA recover last year?

4,654 complaints (down 30%), HK$197 million recovered; 2,594 criminal referrals (up over 100%), average fine HK$27,500; a children’s book firm copped HK$258,000 on 12 counts — the heaviest ever. Workers spotting defaults should complain; and choose funds well at MPF fund comparison.