Regular Employees Employees aged between 18 and 65, who have been employed in the catering or construction industries by an employer for 60 calendar days or more.
Casual Employees Employees aged between 18 and 65, who have been employed in the catering or construction industries by an employer on a day-to-day basis or for a fixed period of less than 60 days.
Self-employed Persons Self-employed persons aged between 18 and 65, who have been engaged in the catering or construction industries.
Who is exempted?
Persons covered by statutory retirement schemes (such as civil servants and teachers)
Expatriates who work in Hong Kong for less than 13 months or who are covered by overseas retirement schemes
Members of occupational retirement schemes for which an MPF exemption certificate has been granted
Persons employed in the European Union Office of the European Commission in Hong Kong
Self-employed hawkers
Domestic workers (including local and overseas domestic workers)
Entitlement to Benefits A Member will be entitled to benefits in respect of mandatory contributions to the Industry Scheme in the circumstances where the Member: (i) reaches the age of 65; (ii) early retires after reaching the age of 60; (iii) permanently departs from Hong Kong; (iv) dies; (v) has the right to claim a small balance pursuant to the MPF Ordinance; and (vi) becomes totally incapacitated.
Transfers from other schemes The Trustee has the power to accept transfers from other schemes in respect of a Member. The Trustee will apply amounts received from other schemes to acquire units in the Constituent Funds in accordance with the investment mandate of the Member.
Transfers to other schemes A Member who ceases to be employed or self-employed may elect by notice in writing to have his accrued benefits under the Industry Scheme transferred to: (i) a preserved account in an industry scheme nominated by the Member; or (ii) an existing account of the Member in another registered scheme; or (iii) in a registered scheme in which the Member's new employer is participating. If the Member is a casual employee who does not make an election to transfer, the amounts held to the credit of the Member will continue to be held in the Industry Scheme.
Payment of Benefits When a Member is entitled to benefits, the Trustee will realise the units held to the account of that Member. Benefits will be paid within 30 days in accordance with the MPF Ordinance after the Trustee has received the valid claim for payment of such benefits, and will be paid in Hong Kong dollars to the relevant recipient by cheque.
