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New measures to protect HK employees.
(From Business Daily Update)
Author: r Hong Kong Mandatory Provident Fund Schemes Authority (MPFA) has reviewed its enforcement policy and introduced more new measures to better protect the benefits of employees. A spokesperson for the MPFA said Sunday that the new measures include imposing financial penalties and acquiring garnishee orders from court to freeze employers' bank accounts. The spokesperson said that the financial penalty with a fine of 5,000 HK dollars (US$640) was first imposed in 2004. Over the past six months, financial penalties have been imposed on six non-compliant employers. The MPFA could continue to issue financial penalties to employers if they …
