By law, all Hong Kong employers are required to help fund their employees' MPF, or Mandatory Provident Fund, aka the stash of cash for your retirement. But does this apply to only HK residents, or can ex-pats enjoy this work perk too? Uh....
So, I did a little research, and I found out that HK employers are also required to fund their ex-pat employees' MPFs. When the contract is over, and you switch over to work for another HK company, you can carry-over your MPF to the new company. If you decide to leave HK, you can cash out on your MPF.
Hm, looks like I learnt quite a bit through my act of love today... perhaps it should be my ex-pat friend's act of love instead!
No comments:
Post a Comment