:en:mandatory provident fund ne demek?

Mandatory Provident Fund (MPF) is a compulsory savings scheme in Hong Kong designed to provide retirement benefits to employees. The scheme was introduced in December 2000 by the government of Hong Kong.

Under the MPF scheme, employers are required to contribute a percentage of their employees' salaries to a registered MPF scheme on behalf of their employees. Employees can also choose to make voluntary contributions to the scheme.

The contributions are then invested by the MPF trustee in a range of investment products, such as stocks, bonds, and funds. The aim is to maximize the returns on the contributions made by the employees and employers, which will eventually be used to provide retirement benefits.

When an employee reaches the age of 65, they can withdraw their MPF contributions as a lump sum or choose to receive monthly annuity payments. The amount they receive will depend on the amount of contributions made and the investment returns earned on those contributions.

It is important to note that there are penalties for early withdrawals, and the contributions are also subject to various fees and charges, including management fees, administrative charges, and sales charges.

Overall, the MPF scheme is considered an important part of Hong Kong's social security system, and it plays a significant role in providing retirement benefits to employees.