As one of the pillars for retirement protection in Hong Kong, the Mandatory Provident Fund (MPF) System helps the working population save for their retirement through contributions made by both employers and employees. Employers, in particular, play an important role. Some 290,000 employers make MPF contributions for their employees on a regular basis. Their compliance with MPF legislation is crucial to the integrity of the System, and to ensuring that the interests of their employees are protected.
The Good MPF Employer Award (the Award) has been launched for five consecutive years. The Award aims to not only cultivate employers’ responsibility under the law, but also encourage employers’ efforts to further enhance the retirement protection of their employees.
The objectives of the Award are :
•To promote and foster employers' compliance with MPF legislation;
•To encourage employers to provide better retirement benefits for their employees; and
•To recognize employers who are exemplary in enhancing the retirement benefits of their employees.