Enrolling your employees

As an employer, you must enrol your employees in the MPF scheme that you're participating in. This is your obligation by law.

Learn more about how you can fulfil this obligation and help your employees plan for the future.

Employees and the self-employed, aged between 18 and 65, must join an MPF scheme.

They're only exempt if they're:

• A domestic employee
• A self-employed licensed hawker
• Covered by statutory pension or provident fund schemes – such as a civil servant, subsidised or grant school teacher
• A member of an occupational retirement scheme who's been granted an MPF exemption certificate
• An employee who enters Hong Kong SAR on an employment visa under section 11 of the Immigration Ordinance of less than 13 months, or who's covered by overseas retirement schemes
• An employee of the European Union Office of the European Commission in Hong Kong SAR

It depends on their employee status:

• Non-casual employees: Within the first 60 days of their employment
• Casual employees: Within the first 10 days of their employment

That's unless they're exempt from having to join an MPF scheme. It's important that you enrol new employees promptly. This way, you fulfil your MPF obligations and protect your employees' interests. If you fail to do so, you may face penalties.

You should provide your new employees with a Member Service Guide as soon as you can. This will help them to make an informed choice about the Constituent Funds in your chosen HSBC MPF scheme.

You can enrol employees online via the eMPF Platform. Once you've entered their details on the eMPF Platform, they'll receive a notification. They can then provide the rest of the required information and their choice of fund.

For the detailed steps, visit the eMPF website to find:

• Employer tutorials
• Employee tutorials

Alternatively, you can submit a paper enrolment form to the eMPF Platform by post, email, fax, or at an eMPF Service Centre.

You can find the forms you need in the eMPF form centre.

Your employees should state which funds they want to invest in, complete the form properly and make sure to sign their forms. Otherwise, their new contributions will automatically be invested per our Default Investment Strategy (DIS). The DIS will also then apply to their accrued benefits. These are the benefits that have been transferred from another registered scheme.

eMPF will first need to receive and process the completed Member Enrolment Form. Once that is done, the employee's contributions will be invested. This will be done per the valid investment options that the employee stated on their form.

Your employees will receive a notice of participation. They'll also receive an annual benefit statement directly via the eMPF Platform.

Remark

If the employee doesn't choose a fund or provide a valid investment choice, the DIS will be chosen for them. This applies to both new contributions and/or monies that were transferred in from another Registered Scheme. This will take effect automatically when their contribution allocation is processed. The DIS aims to balance the long-term effects of risk and return by investing in 2 Constituent Funds. These are namely the Core Accumulation Fund and the Age 65 Plus Fund. The DIS will use allocation percentages that have been preset for different ages. As the member gets older, it'll automatically reduce their exposure to higher-risk assets and increase their exposure to lower-risk assets. This way, the DIS can manage the member's investment risk exposure.