What are the statutory pension benefits in Hong Kong, SAR China?

In Hong Kong, SAR China, the Mandatory Provident Fund (MPF) scheme outlines the statutory pension benefits for employees. Employers and employees are obligated to make mandatory contributions to the employee’s MPF account based on the employee's relevant income, subject to minimum and maximum income levels. Employers must use their own funds for their contributions and simultaneously deduct the employee’s contributions from their relevant income during each contribution period, which generally corresponds to the wage period.

For employees who receive a monthly salary, the current minimum and maximum relevant income levels are set at HKD 7,100 and HKD 30,000, respectively. Employers are responsible for ensuring that all employees aged between 18 and 65, who have been employed for at least 60 days, are enrolled in either the MPF scheme or an approved employer's pension scheme.