Skip to content

Contributions

Question: How much will the Government contribute to the CSPF Scheme for me?

Answer: The Government will make contributions for you according to the government contribution rates schedule applicable to you.

The contribution amount derived from applying the government contribution rate on your basic salary (“Government’s Contribution”) includes two types of contributions and will be deposited into two separate sub-accounts under your CSPF account. They are -

  • Government’s mandatory contribution (“GMC”): contributions made in accordance with the provision of the Mandatory Provident Fund Schemes Ordinance (“MPFSO”). The rate is currently 5% of your Relevant Income (“RI”), subject to the maximum level of RI.
  • Government’s Voluntary Contribution (“GVC”): the net amount of Government’s Contributions after making GMC (i.e. the contribution amount derived from applying the government contribution rate less GMC).

For disciplined services officer, the Government will make a monthly contribution of 2.5% of his / her basic salary as Special Disciplined Services Contribution (“SDSC”). This is in addition to GMC and GVC and will be credited to the SDSC sub-account of the member.

When a CSPF member first becomes eligible for SDSC, the Government will make a lump sum SDSC for him / her in respect of his / her service during the probationary period. The amount of his lump sum SDSC will be equal to 2.5% of the total basic salary earned by him / her during the probationary period for his / her most recent appointment as a disciplined services officer.


Question: How is basic salary different from RI?

Answer: Basic salary means the monthly salary you receive due to the substantive rank of your principal employment, and excludes all forms of allowances or fringe benefits. RI is a term used in the MPFSO. It generally means all your cash income derived from your principal employment in a particular month.