MPF stands for?

MPF stands for?

• A. Money Pension Fund
• B. Market Provident Fund
• C. Mandatory Pension Fund
• D. Mandatory Provident Fund

Answer: (D)

In Hong Kong, MPF is the retirement-savings scheme and its name stands for Mandatory Provident Fund. It’s a compulsory saving plan for retirement where employees (and the self-employed) contribute, with employers typically making matching contributions. The money goes into an MPF account managed by approved trustees and is invested in MPF funds, with the aim of providing retirement income and portability when you change jobs. The other options don’t fit because they misstate the official name—Provident is used, not Pension, Market, or Money.

In Hong Kong, MPF is the retirement-savings scheme and its name stands for Mandatory Provident Fund. It’s a compulsory saving plan for retirement where employees (and the self-employed) contribute, with employers typically making matching contributions. The money goes into an MPF account managed by approved trustees and is invested in MPF funds, with the aim of providing retirement income and portability when you change jobs. The other options don’t fit because they misstate the official name—Provident is used, not Pension, Market, or Money.