ORSO

Overview

MPFA assumes the role of the Registrar of Occupational Retirement Schemes (ORSO schemes). Our work in this area includes (but not limited to) the following:
  • processing various changes and applications in relation to ORSO schemes
  • ensuring compliance of all exempted schemes and registered schemes
  • liaising with professional and industry bodies

ORSO schemes and MPF schemes are both retirement protection schemes set up for employees in Hong Kong, but their operations are different. Since the launch of the MPF System, MPFA has exempted a number of ORSO schemes that meet certain criteria from following MPF regulations.
 

For more details about ORSO schemes, please refer to A Guide to the Occupational Retirement Schemes Ordinance.

Comparing MPF Schemes and ORSO Schemes