Welcome to the seminar mpfo implications on student temporary helpers employment
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Welcome to the seminar: MPFO Implications on Student/Temporary Helpers Employment. Helen Leung Finance Office 10 November 2000. Agenda. The MPFO The Impact on Helpers The Impact on User Departments New Operational Procedures and Forms for Users with effect from 1.12.2000 Important Notes

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Welcome to the seminar: MPFO Implications on Student/Temporary Helpers Employment

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Welcome to the seminar mpfo implications on student temporary helpers employment

Welcome to the seminar:MPFO Implications on Student/Temporary Helpers Employment

Helen Leung

Finance Office

10 November 2000


Agenda

Agenda

  • The MPFO

  • The Impact on Helpers

  • The Impact on User Departments

  • New Operational Procedures and Forms for Users with effect from 1.12.2000

  • Important Notes

  • Hot Lines

  • Questions & Answers


The mpfo introduction

The MPFO - Introduction

  • Will come into effect on 1.12.2000

  • It is an employment-related contribution system

  • Covers all employees of age 18 to 65 with a few exemptions

  • Include full-time & part-time employees working for 60 days or more

  • Also include Student/Temporary Helpers


Mpfo exempted persons

MPFO - Exempted Persons

  • Employees who, at 1.12.2000, have attained 64 years of age

  • Members of MPF-exempted ORSO schemes

  • People from overseas [ include China & Macau ] who enter HK for employment for < 1 year, or who are covered by overseas retirement schemes


Mpfo employee contribution

MPFO - Employee Contribution

  • Mandatory = 5% of relevant income

  • Starts from 31st day of employment

  • If relevant income < $4,000

    ==> contribution is optional

  • If relevant income > $20,000

    ==> maximum contribution is $1,000

  • Any amount > mandatory will be voluntary


Mpfo employer contribution

MPFO – Employer contribution

  • Mandatory = 5% of relevant income

  • Starts from 1st day of employment

  • If relevant income > $0

    ==> contribution is required

  • If relevant income > $20,000

    ==> maximum contribution is $1,000

  • Any amount > mandatory will be voluntary


Mpfo relevant income

MPFO - Relevant Income

Relevant Income includes:

  • Basic salary

  • Cash allowances

  • Gratuity

  • Overtime pay

    Excludes housing benefits


Mpfo withdrawal of benefits

MPFO - Withdrawal of Benefits

  • Attain the age of 65

  • Retire between age 60 & 65

  • Death or total disability

  • Depart from HK permanently (once only)

  • Small balance [<$5,000] and no mandatory contribution for past 12 months


The impact on helpers

The Impact on Helpers

  • Starts from 1.12.2000

  • Helpers working for 60 days or more

  • Must enrol for MPF

  • Helpers are required to make 5% MPF contributions if monthly pay >$4,000


The impact on helpers cont d

The Impact on Helpers – cont’d

  • Such Contribution will be deducted from their Salaries.

  • Before start of work:

    Helper must complete Recruitment Form and Enrolment Form


The impact on user departments

The Impact on User Departments

  • Extra 5% have to be budgeted for MPF contribution

  • Collect Helper Recruitment Form and MPF Enrolment Form

  • Keep proper time records (Time Record Sheet & Monthly Payroll Summary)

  • Submit Monthly Payroll Summary to FO


New operational procedures

New Operational Procedures -

  • New Operational Procedures starts from 1.12.2000

  • Payment of Helper handled by Unit Pay Payroll System

  • Each payroll cycle: starts from 15th of the month ends on 14th of the next month

  • Helper : complete the Recruitment Form + MPF Enrollment Form


New operational procedures cont d

New Operational Procedures- cont’d

  • User : Completed Forms + Monthly Payroll Summary => FO in the 1st month of employment

  • FO will keep these Forms for 12 months

  • Helper working for same dept (with break intervals), no need to complete Forms again unless changes of personal particulars

  • Helpers will be paid at the end of month


New operational procedures example

New Operational Procedures – Example


New operational procedures1

New Operational Procedures –

Daily and Monthly Procedures

We will now go to …

Linked Excel Worksheets Demonstration


Important notes

Important Notes

  • Employment of helper will terminate if he/she does not work for a continuous period of 60 days

  • Users please file the Payroll Summary for all their helpers every month


Important notes1

Important Notes

Period of Claims:

  • Any claims before 1/12/2000 Existing Reimbursement Procedures

  • 1st Claim of New Procedures :

    1/12/2000 – 14/12/2000

  • Subsequent Months:

    15th of Month to 14th of Next Month


Hot lines

Hot Lines

Personnel policy

  • Ms Alice Chu Ext 7512

    Financial issues

  • Miss Winnie Chu Ext 7915

  • Ms Melinda Young Ext 7925

    Claims Procedures

  • Ms Law Sui Sum Ext 7803

  • Miss Noel Cheung Ext 7917

    MPFO information

  • http://www.hkbu.hk/~fohome/mpfind2.htm


Mpf implications on student temporary helpers employment

MPF Implications on Student/Temporary Helpers Employment

Questions and Answers

Thank You


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