Job Recruitment Website - Social security inquiry - Is the Hong Kong MPF paid by the company?
Is the Hong Kong MPF paid by the company?
So today I will tell you the difference between the two ~
Generally speaking, most countries and regions will formulate relevant policies to ensure the retirement of the elderly population and "working people". For example, there is a social security mechanism in the Mainland and an MPF system in the Hong Kong Special Administrative Region.
Hong kong mpf
Mainland social security
Social insurance is what we often call "five insurances and one fund", including endowment insurance, medical insurance, unemployment insurance, work injury insurance, maternity insurance and housing accumulation fund.
Mainly pension and medical care, divided into two types of systems:
/Basic endowment insurance for employees/Covering employees of enterprises and institutions.
/Basic old-age insurance for urban and rural residents/Mainly covers all urban and rural workers who have reached the age of 16, are not studying, are ineligible and cannot participate in the basic old-age insurance for employees.
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