Hong Kong pensions update

Over the past weeks, there has been some important news on the pension regime in Hong Kong that employers and employees should be mindful of. Abolition of the offsetting mechanism from 1 May 2025 As we noted in our  last article,  the Hong Kong Legislative Council haspassed legislation abolishing the MandatoryProvidentFund (‘MPF’)offsetting mechanism. At a Labour Day reception held on 28 April 2023, the Chief…