MPFA Chairman Explains the First Phase of Full Portability of MPF Benefits
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The Chairman of the Mandatory Provident Fund Schemes Authority (MPFA) has published a blog post explaining the first phase of the full portability of MPF benefits, which will be officially implemented on December 21, 2026, covering approximately 1 million employees who started or changed jobs on or after May 1, 2025. After the first phase is implemented, eligible employees can transfer their employer's mandatory contributions and employee's mandatory contributions in full or separately to the personal account of a self-selected MPF scheme once a year, while the employer's contribution channel remains unchanged. Eligible members can initiate transfer applications for the 2026 year from December 21 to 31, 2026, and transfers for the 2027 year can be processed starting January 1, 2027. The second phase of the full portability arrangement will cover employees who started their current jobs before May 1, 2025.
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- MPFA: Press ReleasesFeaturedMPFA Chairman Explains the First Phase of Full Portability of MPF Benefits
In a blog post, the Chairman of the MPFA noted that the government has gazetted that the first phase of full portability of MPF benefits will take effect on December 21, 2026, covering approximately 1 million employees who start or change jobs on or after May 1, 2025. Upon implementation of the first phase, eligible employees may, once a year, transfer the full amount of both employer and employee mandatory contributions, or either portion separately, to a personal account in a self-selected MPF scheme, while the employer contribution channel remains unchanged.
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