MPF at Ten: The Grassroots Workers’ Painful Ledger

What did a decade of MPF give grassroots workers?

Ten years on, 2.2 million workers contributed HK$340 billion — but sky-high admin fees ate returns and lax oversight enabled bad employers; for the grassroots, retirement savings may evaporate. Outsourced cleaner Ms Ying in Ma Wan works 14-hour days at 56 with four children — the system’s silent casualties.

How can grassroots workers protect themselves?

Every dollar is sweat — don’t let fees and dud funds waste it. Even with limited choice, compare the cheapest funds in your plan and put scarce contributions where they cost least.