Mandatory Provident Fund Schemes Authority

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OPEN CONSULTATION ON WITHDRAWAL OF MPF BENEFITS

The Mandatory Provident Fund ("MPF") System was implemented in December 2000 to help the workforce save for its retirement needs. In the light of operational experience gained and comments received over the past years, the MPFA has carried out a review of the regulation of withdrawal of MPF benefits, including the mode of payment of MPF benefits on retirement as well as grounds for early withdrawal of MPF benefits. Full details are set out in the consultation document.

The MPFA is conducting an open consultation on the proposals and the consultation will last until 31 March 2012. The MPFA welcome views from interested parties/organizations on the proposals. Written comments may be sent to the MPFA via mail, fax, e-mail (contact details are set out on pages 1 and 2 of the Consultation Paper) or filling the on-line form on or before 31 March 2012.

Please note that the names of the commentators and the contents of their submissions may be published by the MPFA in connection with any further discussion or consideration of the proposals. In this connection, please read the Personal Information Collection Statement and Privacy Policy Statement before you make the submission. If you wish to make a submission but do not wish your name to be published by the MPFA, please indicate that you wish your name to be withheld from publication when you make the submission.


PERSONAL INFORMATION COLLECTION STATEMENT

This Personal Information Collection Statement (the "PICS") is made in compliance with the requirements of Personal Data (Privacy) Ordinance, Cap. 486 (the "PDPO"). The PICS sets out the purposes for which your Personal Data1 will be used following collection, what you are agreeing to with respect to the MPFA's use of your Personal Data and your rights under the PDPO.

Purpose of Collection
The Personal Data provided in your submission to the MPFA in response to this Consultation Paper may be used by the MPFA for one or more of the following purposes:
  • in exercising the MPFA's statutory functions under the Mandatory Provident Fund Schemes Ordinance;
  • for research and statistical purposes;
  • for the purpose of this open consultation;
  • for any other purposes directly related to the above purposes.
Disclosure of Personal Data
Personal Data provided in your submission on this Consultation Paper may be disclosed by the MPFA to members of the public (whether in Hong Kong or elsewhere), as part of the open consultation on this Consultation Paper. The names of persons who submit comments on this Consultation Paper together with the whole or part of their submission may be disclosed to members of the public. This may be done by publishing this information on the MPFA's website and in documents to be published by the MPFA during the consultation period, or at, or following its conclusion.
Access to Data
You have the right to request access to and correction of your Personal Data held by the MPFA in accordance with the provisions of the PDPO. Your right of access includes the right to obtain a copy of your Personal Data provided in your submission on this Consultation Paper. The MPFA has the right to charge a fee as permitted under section 28 of the PDPO for complying with any data access request.
Retention
Personal Data provided to the MPFA in response to this Consultation Paper will be retained for such period as may be necessary for the fulfillment of the aforementioned purposes.
Enquiries
Any enquiries regarding the Personal Data provided in your submission on the Consultation Paper, or requests for access to such Personal Data or correction of such Personal Data, should be addressed in writing to:

    The Personal Data (Privacy) Officer
    Mandatory Provident Fund Schemes Authority
    Unit 1501A and 1508, Level 15
    International Commerce Centre
    1 Austin Road West, Kowloon
    Hong Kong


1   Personal Data means personal data as defined in the Personal Data (Privacy) Ordinance.
PRIVACY POLICY STATEMENT

We pledge to meet fully recognised standards of personal data privacy protection in complying with the requirements of the Personal Data (Privacy) Ordinance ("PDPO"). In doing so, we will ensure compliance by our staff with the strictest standards of security and confidentiality.

Security
All personal data you provide to us on-line through our website is secured with restricted access to employees who have a need to use the data and who have been trained to handle such data properly and observe confidentiality. The on-line transmission of such data is secured with encryption measures.
 

I have read and understand the Personal Information Collection Statement and the Privacy Policy Statement.
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