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What MPF is. The Mandatory Provident Fund (MPF) was introduced by the Government of the Hong Kong Special Administrative Region (HKSAR) and launched in December 2000. It was provided to assist in the provision of retirement benefits for the workforce.

In other words, if an overseas employee is granted permission to stay for a period exceeding 13 months, the person is treated the same as a “regular” local employee, and the employer must enrol them in an MPF scheme within 60 days of the person's employment.

MPF Original: Secondary market fixed-rate conven- tional mortgage product purchased by the FHLB and held on its balance sheet. Credit risk is shared between the FHLB and the PFI. For sharing in the credit risk, PFIs are paid a fixed monthly credit enhancement fee, typi- cally 10 basis points.

The primary function of MPF is to promote spindle assembly, chromatin condensation and the breakdown of the nuclear envelope.

In the Mandatory Provident Fund (MPF) scheme, accumulators and retirees can choose a Default Investment Strategy fund, or DIS. This type of fund adjusts its risk levels through the fund life cycle.

You can withdraw your MPF accrued benefits all at once or in instalments when you're 65. All you need to do is file a claim on the grounds of retirement. Alternatively, you can withdraw your accrued benefits derived from mandatory contribution earlier under the following circumstances.

To make payments to their employees, employers are required to calculate their employee's relevant income and the amount of mandatory contribution that must be made for each contribution period. The employer must then deduct the calculated amount from their employee's income and remit that sum to their MPF account.