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Eligibility and Awards

 

Good MPF Employer Award

This Award is granted on an annual basis, covering the period from 1 April to 31 March of the following year. Employers who fulfil the following criteria can submit an application for the Award:
 
1. At Least One Year’s Participation in an MPF Scheme
Employers are required to have participated in an MPF scheme for at least one year (as at 31 March of the award year).
 
2. Compliance with Employer’s Statutory Obligations
As a basic requirement, employers must have complied with the relevant requirements under MPF legislation, including enrolling their employees in an MPF scheme and making contributions.
 
3. Provision of Better Retirement Protection for Employees
Apart from being compliant with MPF legislation, employers must have taken one or more extra steps towards enhancing the retirement protection of their employees. They must have fulfilled at least one of the following criteria during the year:
Offered more than one MPF scheme for employees to choose from; or
Offered MPF voluntary contributions for their employees; or
Offered their employees other forms of retirement benefits that are related to the MPF System.
 

Special Awards

To mark the 5th Anniversary of the Award, two awards are newly offered for this year:
 
1. Good MPF Employer 5 Years

Employers being awarded for Good MPF Employer Award for five consecutive years
 

2. MPF Excellent Employer

Of the employers eligible for the Good MPF Employer 5 Years award, those who have offered more than one MPF scheme and MPF voluntary contributions for all of their employees during the 2018-19 financial year will be further honoured as MPF Excellent Employer.


In addition, employers fulfilling the criteria for the Good MPF Employer Award can apply for these two special awards at the same time:
 
3. e-Contribution Award

Employers must have submitted contribution data or made contribution payments electronically (i.e. by email, via an internet system, or by using the contribution software provided by trustees) for three months or more during the award year.

 
4. MPF Support Award

Employers must have provided their employees with at least two kinds of support services to help them manage their MPF during the award year. For example, they may have:

organized MPF talks for employees;
provided employees with information about the MPF scheme (e.g. by posting the MPF scheme’s website, hotline or Fund Fact Sheets etc. on the company or organization’s intranet or notice board);
disseminated the latest information about the MPF System to employees (e.g. information related to the Default Investment Strategy, Employee Choice Arrangement);
provided assistance to employees on managing their MPF (e.g. consolidating their MPF accounts, transferring their MPF benefits under the Employee Choice Arrangement)
 
Please read our detailed eligibility and assessment criteria before submitting an application.
 
Note: Notwithstanding the criteria listed above, the MPFA reserves the right to determine an applicant’s eligibility for the Award. In case of dispute, the decision of the MPFA shall be final.
 
 
 

Last Revision Date: 21/05/2019