{"id":709,"date":"2022-05-12T20:20:42","date_gmt":"2022-05-12T12:20:42","guid":{"rendered":"https:\/\/seniorclic.hk\/?p=709"},"modified":"2024-02-29T14:58:49","modified_gmt":"2024-02-29T06:58:49","slug":"introduction-3","status":"publish","type":"post","link":"https:\/\/seniorclic.hk\/en\/topics\/work-retirement\/the-mandatory-provident-fund\/introduction-3\/","title":{"rendered":"Introduction"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Post Breadcrumbs&#8221; module_class=&#8221;breadcrumbs&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||30px||false|false&#8221; saved_tabs=&#8221;all&#8221; locked=&#8221;on&#8221; collapsed=&#8221;on&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; 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_module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_blurb title=&#8221;Listen to Audio of this topic (Cantonese only)&#8221; admin_label=&#8221;Audio &#8221; module_class=&#8221;post-audio&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<!--[if lt IE 9]><script>document.createElement('audio');<\/script><![endif]-->\n<audio class=\"wp-audio-shortcode\" id=\"audio-709-1\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"https:\/\/seniorclic.hk\/wp-content\/uploads\/mondatory.mp3?_=1\" \/><a 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href=\"https:\/\/www.addtoany.com\/add_to\/email?linkurl=https%3A%2F%2Fseniorclic.hk%2Fen%2Ftopics%2Fwork-retirement%2Fthe-mandatory-provident-fund%2Fintroduction-3%2F&amp;linkname=Introduction\" title=\"Email\" rel=\"nofollow noopener\" target=\"_blank\"><\/a><a class=\"a2a_button_facebook\" href=\"https:\/\/www.addtoany.com\/add_to\/facebook?linkurl=https%3A%2F%2Fseniorclic.hk%2Fen%2Ftopics%2Fwork-retirement%2Fthe-mandatory-provident-fund%2Fintroduction-3%2F&amp;linkname=Introduction\" title=\"Facebook\" rel=\"nofollow noopener\" target=\"_blank\"><\/a><\/div><\/div>        [\/et_pb_code][et_pb_code admin_label=&#8221;Font&#8221; module_class=&#8221;font-resize&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<div style=\"\" class=\"wpavefrsz wpavefrsz-shortcode wpavefrsz-theme-dark\"><span class=\"wpavefrsz-text\" aria-label=\"\"><\/span><span class=\"wpavefrsz-minus\" tabindex=\"0\" aria-label=\"Decrease text size\" title=\"Decrease text size\" role=\"button\">-<\/span><span class=\"wpavefrsz-plus\" tabindex=\"0\" aria-label=\"Increase text size\" title=\"Increase text size\" role=\"button\">+<\/span><span class=\"wpavefrsz-reset\" tabindex=\"0\" aria-label=\"Reset text size\" title=\"Reset text size\" role=\"button\">=<\/span><\/div>      [\/et_pb_code][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Content&#8221; module_id=&#8221;content&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;50px||50px||true|false&#8221; collapsed=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_post_title author=&#8221;off&#8221; date=&#8221;off&#8221; comments=&#8221;off&#8221; featured_image=&#8221;off&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; locked=&#8221;on&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_post_title][et_pb_text _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<h2>What is the Mandatory Provident Fund (MPF)?<\/h2>\n<p>The MPF System was set up for retirement support. Employers and employees both contribute for the employees\u2019 benefit,and the accrued benefits remain in the MPF until the employee reach the age of retirement. Every employer must ensure that all of their employees participate in the scheme.<\/p>\n<p>If you want to know more about the MPF and its application, you can visit the website of the Mandatory Provident Fund Schemes Authority (MPFA) by clicking\u00a0<a href=\"http:\/\/www.mpfa.org.hk\/eng\/mpf_system\/index.jsp\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p>\n<h2>Who manages the funds?<\/h2>\n<p>An MPF trustee has to appoint an eligible investment manager to manage the investment of the funds in an MPF scheme. There is legislation on the eligibility of such a manager.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The MPF System was set up for retirement support. Employers and employees both contribute for the employees\u2019 benefit,and the accrued benefits remain in the MPF until the employee reach the age of retirement. Every employer must ensure that all of their employees participate in the scheme.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false},"categories":[52],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Introduction - Senior CLIC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seniorclic.hk\/en\/topics\/work-retirement\/the-mandatory-provident-fund\/introduction-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Introduction - Senior CLIC\" \/>\n<meta property=\"og:description\" content=\"The MPF System was set up for retirement support. 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