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Basic Requirements for ORSO Schemes

Basic Requirements for ORSO Schemes

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.

ORSO exempted schemes

Exemption from ORSO may be allowed for:

  • offshore schemes registered or approved by a recognized overseas authority; or
  • schemes with not more than either 10% or 50 of their members, whichever is less, who are Hong Kong permanent identity card holders.

Prescribed Fee of ORSO Schemes
Scheme TypeAmount (in HK$)
ORSO Exempted Scheme600
ORSO Registered Scheme participating in a pooling agreement1,200
ORSO Registered Scheme not participating in a pooling agreement2,400

Last Revision Date: 28/03/2017