A Guide To Abolition Of Mpf Offsetting Arrangement In tandem with the abolition of the mandatory provident fund (“mpf”) offsetting arrangement on 1 may 2025 (“transition date”), the labour department implements the 25 year subsidy scheme to share out affected employers’ expenses on severance payment long service payment in respect of their employees’ employment period on or after. What is “$500,000 threshold”?.
What Hong Kong Employers Need To Know About The Subsidy Scheme For The ssa is open for application from today. employers are required to pay sp lsp to employees in accordance with the provisions of the employment ordinance before submitting subsidy applications to the labour department. Practical walkthrough for first time applicants covering eligibility, application steps, calculation mechanics, and what to expect after submitting. The employer must pay the sp lsp first and then apply for reimbursement from the labour department. applications must be submitted within 3 months of the sp lsp payment. Secretary for labour & welfare chris sun (second right) watches a demonstration of how employers may submit applications for the subsidy scheme for abolition of mpf offsetting arrangement through the transitionease portal.
What Hong Kong Employers Need To Know About The Subsidy Scheme For The employer must pay the sp lsp first and then apply for reimbursement from the labour department. applications must be submitted within 3 months of the sp lsp payment. Secretary for labour & welfare chris sun (second right) watches a demonstration of how employers may submit applications for the subsidy scheme for abolition of mpf offsetting arrangement through the transitionease portal. Eligible employers may apply for subsidies after settling severance payments and long service payments to their employees under ssa after the abolition of the offsetting arrangement on 1 may 2025. Application form and guidance notes for employers making subsidy applications can be downloaded from the transitionease portal or obtained from the service centre. In tandem with the abolition of the o setting arrangement under the mandatory provident fund (mpf) system on 1 may 2025, the labour department launches the subsidy scheme for abolition of mpf o setting arrangement (ssa). This one stop online platform provides information about the abolition of mpf offsetting arrangement and illustrative graphics and examples to enhance employers’, employees’ and the public’s understanding of the abolition of mpf offsetting arrangement and the relevant supporting measures.
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