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What is Mandatory Provident Fund (MPF) Scheme?

April 26, 2017fund mandatory MPF Provident Scheme

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What is Mandatory Provident Fund (MPF) Scheme?

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The Mandatory Provident Fund is a system of retirement protection. It is statutory requirement under the Mandatory Provident Fund Schemes Ordinance (MPFSO) (Cap. 485) that all employees in Hong Kong have to enroll in an MPF scheme.