Lawmakers hope to spare lowest paid from MPF

二月 22, 2011
Joe Chan

Lawmakers are urging the government to raise the minimum monthly income level at which people must join the Mandatory Provident Fund when the city’s first statutory minimum wage takes effect on May 1.
At a meeting of the Legislative Council’s financial affairs panel yesterday, the government suggested lifting the minimum monthly income level at which workers must join the MPF by HK$500 to HK$5,500.
Emmy Wong Kwok-ling, principal assistant secretary for financial services and the treasury, said the suggestion was made because the city’s monthly median pay level stood at HK$11,000. (South China Morning Post)