Examples of Hong Kong Scheme in a sentence
The assets of the Hong Kong Scheme are held separately from those of the Group in an independently administered fund.
The Group’s employer contributions vest fully with the employees when contributed into the Hong Kong Scheme.
The Group operates a defined contribution Mandatory Provident Fund retirement benefits scheme (the “Hong Kong Scheme”) under the Hong Kong Mandatory Provident Fund Schemes Ordinance, for all of its employees who are eligible to participate in the Hong Kong Scheme.
The Group operates a defined contribution mandatory provident fund retirement benefits scheme (the “Hong Kong Scheme”) under the Mandatory Provident Fund Scheme Ordinance, for those employees who are eligible to participate in the Hong Kong Scheme.
Contributions are made based on a percentage of the employees’ basic salaries and are charged to the income statement as they become payable in accordance with the rules of the Hong Kong Scheme.