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<Budget>Paul Chan: MPF 'Full Portability' To Cover Employees Whose Employment Commences on or After 1 May 2025
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Financial Secretary Paul Chan said in his Budget that the Mandatory Provident Fund Schemes Authority (MPFA) is gradually taking forward MPF "Full Portability". Its Phase One Proposal, to be implemented this year, covers employees whose employment commences on or after 1 May 2025. The authority will introduce an amendment bill in the first half of next year to extend the coverage to employees whose employment began before the above date.
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