GRATUITY / RETIREMENT BENEFITS

 

Contract Gratuity

An appointee appointed on fixed-term gratuity-bearing contract is eligible to receive a gratuity on satisfactory completion of the period of appointment in accordance with the terms as set out in his Conditions of Service booklet and letter of appointment.

For professoriate and academic-related staff on Terms of Service I and non-academic staff on Bands G – J, the gratuity is at a sum which, when added to the University’s mandatory contributions made to the Mandatory Provident Fund (MPF) Scheme in respect of the appointee and in relation to the period of employment under his/her contract, equals 15% of the total basic salary earned during the contract period.

For other fixed-term appointees, the gratuity is at a sum which, when added to the University’s mandatory contributions made to the MPF Scheme in respect of the appointee and in relation to the period of employment under his/her contract, equals 10% of the total basic salary earned during the contract period.

 

Staff Provident Fund

An appointee on probationary/substantive or tenure terms shall on assumption of duty elect in writing to become a member of the Staff Provident Fund. The University’s contribution to the Fund is 15% of the appointee’s monthly salary whereas the appointee is required to contribute 5% of his/her monthly salary into the Fund.

Frequently Asked Questions on SPF

 

Mandatory Provident Fund (MPF)

Please visit https://rewards.hku.hk/mpf/.
è«‹ç€è¦½ https://rewards.hku.hk/tc/mpf。


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