Hong Kong

Hong Kong

Hong Kong to abolish mandatory provident fund offsetting arrangement against severance and long service payments

The Hong Kong government recently introduced a new bill abolishing the use of employers’ mandatory contributions under the Mandatory Provident Fund (MPF) to offset severance payments and long service payments payable to employees upon termination of employment.

The Employment and Retirement Schemes Legislation (Offsetting Arrangement) (Amendment) Bill 2022 has not passed into law yet and is not expected to enter into effect before 2025. The offsetting arrangements will be abolished from a date (“transition date”) to be appointed after the bill is passed into law (no retroactive effect will apply).

Hong Kong

Hong Kong to increase statutory holidays

The Hong Kong government introduced a new amendment to the Employment Ordinance to increase the number of statutory holidays from 12 days to 17 days. The bill will be introduced into the legislative council for its first reading on 17 […]

Hong Kong

Hong Kong to increase maternity leave

UPDATE Hong Kong’s Legislative Council has passed the Employment Bill of 2019 introducing additional maternity benefits for female employees. Read more. The government of Hong Kong announced that statutory maternity leave under the Employment Ordinance (EO) will increase from 10 […]

Hong Kong increases paternity leave

Effective 18 January 2019, the Employment (Amendment No. 3) Ordinance 2018, increased Hong Kong statutory paternity leave from three days to five days. The daily rate of statutory paternity leave pay (80 percent of the daily average wages of the […]

Hong Kong increases minimum wage

Hong Kong’s Executive Council recently approved a statutory minimum hourly wage increase of 8.7 percent, or HKD 3.00, per hour. If approved by the Hong Kong Legislative Council, the minimum hourly wage would rise from HKD 34.50 to HKD 37.50 […]