What’s the dispute?
LegCo reviewed raising MPF contribution caps; chairman Chan Kam-lam admits consensus looks distant. The government proposes lifting the ceiling from HK$20,000 to HK$30,000 (HK$1,000 more monthly each side) and the floor from HK$5,000 to HK$5,500; Chan wants the floor at HK$6,000. HSBC backs a higher ceiling — its survey found over 40% feel contributions are inadequate.
What do employers say?
The Employers’ Federation supports the principle but is undecided on phasing. See how contributions shape your retirement on MPF fund comparison.
Related articles
View all
MPFA Proposes Raising MPF Floor to HK$5,500, Ceiling to HK$30,000 in Stages
In February 2011 the MPFA tabled its latest review report to the Legislative...
Was the 2011 MPF Ceiling Rise a Disguised Pay Rise?
How did the 2011 ceiling proposal give 400,000 people a “raise”?...