Mandatory Provident Fund definition

Mandatory Provident Fund shall have the same meaning as is ascribed to it by the Mandatory Provident Fund Schemes Ordinance, Chapter 485 of the Laws of Hong Kong.
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Examples of Mandatory Provident Fund in a sentence

  • For details, please refer to the Mandatory Provident Fund Schemes Ordinance.

  • The Employer and the Employee are to make contributions towards the Mandatory Provident Fund Scheme in accordance with the requirements specified in the Mandatory Provident Fund Schemes Ordinance.

  • In addition, the assets and Liabilities under the BMS Hong Kong Retirement Plan as of the Separation Date attributable to Foreign BMS Employees and the assets under the BMS Hong Kong Mandatory Provident Fund Scheme as of the Separation Date attributable to Foreign BMS Employees shall be transferred to and assumed by an Affiliate of BMS, which shall be established in Hong Kong as of the Separation Date.

  • The Trustee is the trustee of the BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme (the “Master Trust Scheme”), which was established by a deed dated 27 January 2000 made by the Trustee and the Manager (as amended from time to time, the “Deed”).

  • The Group’s and employee’s contributions to the MPF Scheme are based on 5% of the relevant income of the relevant employee (up to a cap of monthly relevant income of HK$20,000) and in accordance with the requirements of the Mandatory Provident Fund Schemes Ordinance and related regulations.

  • The Trustee is the Trustee of the Mass Mandatory Provident Fund Scheme (the “Master Trust Scheme”), which was established by a deed (“the Deed”) dated 27 January 2000 made by the Trustee as amended from time to time.

  • An employer is obliged to enrol his/her employee aged between 18 and 65 in a Mandatory Provident Fund scheme if the employee is employed for 60 days or more.

  • The MPF Scheme is registered with the Mandatory Provident Fund Scheme Authority under the Mandatory Provident Fund Schemes Ordinance.

  • The level of contributions to be paid to the MPF Scheme will be as specified in the Mandatory Provident Fund Schemes Ordinance.

  • In addition, the assets under the current BMS Hong Kong Mandatory Provident Fund Scheme as of the Separation Date in the accounts of Foreign ▇▇▇▇ ▇▇▇▇▇▇▇ Transferred Employees participating in such scheme shall be transferred to the ▇▇▇▇ ▇▇▇▇▇▇▇ Hong Kong mandatory provident fund scheme as provided in Section 5.3 of the Schedules, subject to applicable law and the consent of such Foreign ▇▇▇▇ ▇▇▇▇▇▇▇ Transferred Employees.