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Consultations & Conclusions

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Full Portability of MPF Benefits under the MPF System

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Part I - Basic Information

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Part II - Consultation Questions

1. Do you agree with the three key considerations (mentioned in paragraph 38) in formulating the proposals for full portability?

2. Do you agree with enabling New EE to access full portability by extending the existing ECA transfer mechanism from covering EEMC only to also including ERMC (i.e. core proposal), so that they can have more choices in managing their MPF benefits?

3. Do you agree with enabling Existing EE to access full portability through establishing the designated ERMC account (i.e. extended proposal), so that they would also benefit from full portability and more choices in managing MPF benefits?

4. Further to the above, do you agree that the frequency and amount basis of full portability transfers should be consistent with ECA, a well-tested and familiar arrangement amongst EE that can enhance choices and at the same time reasonably contain the additional administration cost to the whole system, hence to scheme members’ benefit?

5. Do you agree that the above proposals should be implemented by phases in order to realize their benefits the soonest possible?

Part I - Basic Information

Part II - Consultation Questions

1. Do you agree with the three key considerations (mentioned in paragraph 38) in formulating the proposals for full portability?

2. Do you agree with enabling New EE to access full portability by extending the existing ECA transfer mechanism from covering EEMC only to also including ERMC (i.e. core proposal), so that they can have more choices in managing their MPF benefits?

3. Do you agree with enabling Existing EE to access full portability through establishing the designated ERMC account (i.e. extended proposal), so that they would also benefit from full portability and more choices in managing MPF benefits?

4. Further to the above, do you agree that the frequency and amount basis of full portability transfers should be consistent with ECA, a well-tested and familiar arrangement amongst EE that can enhance choices and at the same time reasonably contain the additional administration cost to the whole system, hence to scheme members’ benefit?

5. Do you agree that the above proposals should be implemented by phases in order to realize their benefits the soonest possible?

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