MPF Background: Built for an Ageing Population

Why does MPF exist?

Hong Kong’s over-65 population is about 10% today, projected at 13% by 2016 and 20% by 2036. The Mandatory Provident Fund Schemes Ordinance (1995) created employment-based, privately managed retirement savings to help workers build nest eggs and ease ageing pressures.

How does it work?

Employers and employees contribute jointly; private trustees manage the money under MPFA supervision. Learn about your scheme on MPF fund comparison.