Tuesday, January 29, 2013

Time to stop bosses dipping their fingers into the MPF





The government has finally given a timetable for allowing employees to have complete control of their Mandatory Provident Fund investment. But the reform has still not gone far enough.


Bosses can still dip into the employer contribution section of a worker's account to make long-service or severance payments, an exploitation of the 2.4 million workers under the scheme.


Many people do not care about the MPF, for the simple reason that the scheme from the beginning was designed in a way that gave the bosses more say than the workers.









via Business feed http://www.scmp.com/business/article/1138260/time-stop-bosses-dipping-their-fingers-mpf

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