MPF proposal would be beneficial: BCT chief

An automated mechanism to determine the levels of contribution to Hong Kong's public pension scheme would solve certain issues, including political ones, argues a senior industry executive. The city’s Mandatory Provident Fund Schemes Authority (MPFA) is consulting on adopting a system whereby the level of income employees must hit before they have to make contributions would be automatically adjusted every two years. The adjustments would be made in relation to a set of benchmarks…