Consensus on offsetting urged

(January 19, 2017)

Chief Executive CY Leung hopes different sectors of the community can discuss the Mandatory Provident Fund offsetting arrangement in a pragmatic manner and forge a consensus.
 
In his Policy Speech yesterday, he announced a proposal to progressively abolish the offsetting of severance or long-service payment systems with the fund contribution.
 
Attending the 2017 Policy Address question-and-answer session in the Legislative Council today, Mr Leung said the Government will hold discussions with different sectors to finalise the proposal.
 
He said once a consensus is reached, whoever assumes the post of the next Chief Executive must continue efforts with the issue.