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China (1,126) > Old-age, invalidity and survivors benefit (38)

Name: Mandatory Provident Fund Schemes Ordinance (No. 80 of 1995) (Cap. 485).
Country: China - Hong Kong Special Administrative Region
Subject(s): Old-age, invalidity and survivors benefit
Type of legislation: Law, Act
Adopted on: 1995
Entry into force:
ISN: CHN-1995-L-92964
Link: https://www.ilo.org/dyn/natlex/natlex4.detail?p_isn=92964&p_lang=en
Bibliography: Legislation on-line Legislation on-line Hong Kong E-Legislation (HKeL), Department of Justice, Hong Kong PDF of Ordinance in English as amended to 01/02/2016 PDF of Ordinance in English as amended to 01/02/2016 (consulted on 2017-03-09)
Abstract/Citation: An Ordinance to provide for the establishment of non-governmental mandatory provident fund schemes for the purpose of funding benefits on retirement, to provide for contributions to such schemes, to provide for the registration of such schemes, to provide for a regulatory regime in respect thereof, to provide for the creation of a Mandatory Provident Fund Schemes Authority to oversee the administration and management of registered schemes, to exempt certain classes of persons from contributing to registered schemes, to provide for the approval of persons (other than public officers or statutory corporations) as trustees of registered schemes, to provide for the control and regulation of approved trustees, to regulate sales and marketing activities, and the giving of advice, in relation to registered schemes, and to make consequential amendments to other Ordinances including pension related Ordinances, and for connected purposes.
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