Tag: LegCo’s
Hong Kong – CE welcomes LegCo’s passage of amendment bill on abolishing “offsetting” arrangement under Mandatory Provident Fund
CE welcomes LegCo’s passage of amendment bill on abolishing “offsetting” arrangement under Mandatory Provident Fund ****************************************************************************************** The Chief Executive, Mrs Carrie Lam, welcomed the passage of the Employment and Retirement Schemes Legislation (Offsetting Arrangement) (Amendment) Bill 2022 by the Legislative Council (LegCo) today (June 9), referring to the passage as a significant milestone in enhancing retirement protection of employees. She thanked employers and employees for striving to build a consensus on abolishing the “offsetting” arrangement over the years. She also thanked the Labour and Welfare Bureau and the Labour Department for their perseverance in resolving this thorny issue.
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