What Complaints Marked MPF’s First Decade?

What were employees unhappy about after nearly ten years?

In October 2010, the HKFTU Rights Committee said that nearly a decade into MPF, it still received many complaints about employers defaulting on contributions. It criticised trustees — insurers and banks — for failing to report defaults to the MPFA as the law required, leaving employees out of pocket.

Why was severance-pay offsetting called unreasonable?

The law let employers use their MPF contributions to offset severance payments to staff. The union called this unreasonable and demanded a review to better protect workers’ retirement. Workers protecting themselves should start with fund choice — see MPF fund comparison.

What can employees do about defaults?

Defaulting on contributions is illegal; employees can complain to the MPFA. Trustees have a duty to monitor employer contributions and report breaches — failing to do so is a dereliction.