MPFA

This Award is granted on an annual basis, covering the period from 1 April to 31 March of the following year. Employers who fulfil the following criteria can submit an application for the Award:

1. At Least One Year’s Participation in an MPF Scheme
   

Employers are required to have participated in an MPF scheme for at least one year (as at 31 March of the award year).

 

2. Compliance with Employer’s Statutory Obligations

As a basic requirement, employers must have complied with the relevant requirements under MPF legislation, including enrolling their employees in an MPF scheme and making contributions.

 

3. Provision of Better Retirement Protection for Employees

Apart from being compliant with MPF legislation, employers must have taken one or more extra steps towards enhancing the retirement protection of their employees. They must have fulfilled at least one of the following criteria during the year:

• Offered more than one MPF scheme for employees to choose from; or
• Offered MPF voluntary contributions for their employees; or
• Offered their employees other forms of retirement benefits that are related to the MPF System.

To specially commend and give public recognition to employers that have made continuous efforts to further enhance the retirement protection of their employees, employers who fulfil the relevant requirements will be presented with one or more of the following awards:

1. Best All-round MPF Employer
2. Good MPF Employer 10 Years
3. Good MPF Employer 5 Years

In addition, employers fulfilling the criteria for the Good MPF Employer Award can apply for the following two special awards at the same time:

4. e-Contribution Award
5. MPF Support Award

The specific assessment criteria are as follows:

1. Best All-round MPF Employer
   Employers fulfilling ALL five criteria below during the 2023-24 financial year will be honoured as Best All-round MPF Employer:
   
   1. Received the Good MPF Employer for 10 consecutive years; and
   2. Offered more than one MPF scheme; and
   3. Offered MPF voluntary contributions for selected or all of their employees; and
   4. Received the e-Contribution Award; and
   5. Received the MPF Support Award.
      
      
2. Good MPF Employer 10 Years
   Employers being awarded for Good MPF Employer Award for 10 consecutive years.
   
   
3. Good MPF Employer 5 Years
   Employers being awarded for Good MPF Employer Award for 5 consecutive years.
   
   
4. e-Contribution Award
   Employers must have submitted contribution data or made contribution payments electronically (i.e. by email, via an internet system, or by using the contribution software provided by trustees) for three months or more and will use online methods* to submit application for this year’s award.
   
   
   * “Online methods” refer to the application submitted through the online application website provided by MPFA or by emailing the electronic form in PDF format, excluding application forms by handwritten, scanned, sent via fax or post.
   
   
5. MPF Support Award
   Employers must have provided their employees with at least two kinds of support services to help them manage their MPF during the award year. For example, they may have:
   • disseminated the latest information about the eMPF Platform;
   • organized MPF talks for employees;
   • provided employees with information about the MPF scheme (e.g. by posting the MPF scheme’s website, hotline or Fund Fact Sheets etc. on the company or organization’s intranet or notice board);
   • disseminated the latest information about the MPF System to employees (e.g. information related to the Default Investment Strategy, Tax Deductible Voluntary Contributions);
   • provided assistance to employees on managing their MPF (e.g. consolidating their MPF accounts, transferring their MPF benefits under the Employee Choice Arrangement).

Please read our detailed eligibility and assessment criteria before submitting an application.

The results of Good MPF Employer Award 2023-24 have been announced. MPFA will provide details about the application process of the Good MPF Employer Award 2024-25 in due course.