Employers who operate occupational retirement schemes that fall under the ambit of ORSO are required to apply to MPFA for registration or exemption of their schemes under ORSO. In respect of a new scheme, the application must be made to MPFA within three months after the employer has entered into a contract with his or her employees for the setting up of the scheme. It is an offence for any employer to operate, contribute to, or otherwise participate in a scheme or enter into a contract with his employees under which membership of a scheme is provided without the necessary approval of registration or exemption from MPFA.
Exemption from ORSO may be allowed for:
|Prescribed Fee of ORSO Schemes|
|Scheme Type||Amount (in HK$)|
|ORSO Exempted Scheme||600|
|ORSO Registered Scheme participating in a pooling agreement||1,200|
|ORSO Registered Scheme not participating in a pooling agreement||2,400|
Last Revision Date: 28/03/2017