Hong Kong considers raising MPF contributions after 13-year freeze on thresholds

Hong Kong’s workers and employers may have to pay more into the Mandatory Provident Fund, as the pension regulator considers calls to raise the contribution threshold, which has remained unchanged for 13 years. Ayesha Macpherson Lau, chairwoman of the Mandatory Provident Fund Authority (MPFA), said in her blog on Sunday that the body had consulted various stakeholder groups since February on adjusting the minimum and maximum income levels used to determine contributions. She hinted at a possi...

By Leopold Chen