Gov’t striving to abolish offsetting

(June 17, 2017)

The Government will strive to finalise its plan to abolish the Mandatory Provident Fund offsetting arrangement before the present-term administration concludes.
 
Secretary for Labour & Welfare Stephen Sui made the statement to the media after attending a radio programme today.
 
He said the Policy Address proposal on the issue had been made after careful study and urged employers and employees to narrow their differences so a balanced offsetting arrangement can be implemented.
 
"The current term Government will give our highest sincerity and the greatest endeavour with a view to finalising a proposal within the current term of the Government."