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MPF and ORSO Schemes Compared
| Feature |
MPF Schemes |
ORSO Schemes |
| Nature |
Mandatory |
Voluntary |
| Trustees approval |
More stringent |
Less stringent |
| Compensation Fund |
Yes |
No |
| Preservation and portability requirements |
Yes |
For new members only |
| Vesting |
Full and immediate |
Subject to vesting scale |
| Investment requirements |
More stringent |
Less stringent |
| Contribution rate |
Based on relevant income |
Normally based on basic
salary |
|
