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What does MPF mean?
Classification of MPF schemes
1, Comprehensive Trust Provident Fund: This is the most common MPF, allowing employees, business owners and employees to transfer their accumulated rights and interests. This kind of MPF allows different types of people to contribute, making the whole MPF scheme more efficient;
2. Employers operate MPF: This kind of MPF is limited to employees of employers or related companies. Relatively speaking, the group is larger and the cost can be effectively controlled;
3. Industry MPF: It is specially set up for catering and construction industries with relatively complicated personnel management, and there is no need to convert MPF when circulating between industries.
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