PrepLicense: HK MPF · Study Notes · Chapter 6

MPF Chapter 6: Interface Arrangements between ORSO and MPF

This chapter covers ORSO scheme exemption arrangements after MPF, MPF Effective Day election, new-employee election, and contribution offset rules.

1. Two Categories of ORSO Exemption

(1) MPF Exempted ORSO Schemes — exempt members are not required to join MPF; (2) General ORSO Schemes — members must still join MPF.

2. Member Election on MPF Effective Day

Members of existing ORSO schemes on the MPF Effective Day (1 December 2000) were given an election period to remain in the ORSO scheme or join MPF.

3. One-off Election for New Employees

When an exempted-ORSO employer hires new staff, the new employee must elect in writing within 30 days of employment whether to join the ORSO scheme or MPF. The election is irrevocable.

4. Minimum MPF Benefits

Exempted ORSO schemes must ensure that benefits on retirement are not less than what the member would have accrued under MPF; any shortfall is topped up from the ORSO scheme.

5. Transfers between MPF and ORSO

Members changing employment may apply to transfer ORSO accrued benefits (as at termination) to an MPF scheme, with corresponding arrangements in reverse.

6. Long Service Payment / Severance Payment Offset

Under the historical regime, employers could offset LSP/SP against the employer-contribution portion of accrued benefits. The offsetting mechanism was abolished in 2025 (verify against latest legislation); offset applies only to pre-abolition accruals.

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