The Mandatory Provident Fund Schemes Authority will fully complement the Government in implementing its proposed $6,000 injection into the accounts of eligible members of MPF schemes and MPF exempted Occupational Retirement Schemes Ordinance-registered schemes. It is aiming to announce the injection schedule by year's end.

After lawmakers' endorsement of legislative amendments the authority will need to handle the data of 2.35 million employees and self-employed people under MPF schemes, 440,000 ORSO scheme members, 2.6 million preserved accounts holders and scheme members who resigned from their jobs March 1, 2007 to February 29, covering more than five million accounts.

The authority will need to collect, verify and consolidate the data for central matching to compile a list of eligible scheme members. The coverage of the population meeting the Government's eligibility criteria is expected to be around 1.7 million.

The authority will then arrange fund transfers to trustees for injection into the accounts of eligible scheme members. The total amount of fund involved for the injection arrangements is expected to be about $11.5 billion.

It plans to start injecting $6,000 into the accounts of eligible scheme members within this financial year. Injection arrangements would be made known to the public through various channels before the injection starts. Members who consider themselves eligible for the injection but do not receive the amount will be given ample time to make enquiries with the authority.

To facilitate the injection's implementation employers must discharge their legal obligations by enrolling eligible employees in an MPF scheme, sending remittance statements to their trustees and making the correct contributions on time. Employees should check the contribution status of their MPF accounts through the enquiry channels provided by their respective trustees or consider calling 183 3030.

For self-employed people, if they have not yet informed their trustees of their income in the current financial year, they should do so by July 31.

The eligibility criteria of recipients under the injection as announced by the Government will be available here.