The Mandatory Provident Fund (“MPF”) System was set up as one of the pillars under the multi-pillar retirement protection model recommended by the World Bank. It provides a vehicle for the working population to save for retirement and is an important part of the total savings pool for retirement needs in Hong Kong, contributing to the financial sustainability of Hong Kong’s broader retirement protection system.
Since its birth on 1 December 2000, the MPF System has been evolving and continually refined and enhanced for greater efficiency and effectiveness. A number of reforms are under way to further improve the System.
We at the Mandatory Provident Fund Schemes Authority have a vision to build a retirement savings system that is valued by Hong Kong people. As an advocate of the MPF System, we will continue to improve the System and maximize scheme members’ benefits in the light of the changing needs of society.
A wealth of information is available on this website for all who wish to learn more about the MPF System and the organization.