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Termination and Withdrawal 媩

The benefit entitlements in an MPF scheme under the University MPF System will fall due to a member upon termination of employment at the University.

Please note that benefits accrued under Employer Voluntary Contribution will be 100% vested in University employee only after completion of 2 years’ continuous full-time employment. The vested Employer Voluntary Contribution can be withdrawn upon leaving University employment. Special arrangements apply to the leaving service benefit, if any, in the event of dismissal for cause. For an employee with more than 2 years’ but less than 10 years’ full-time service, Salaries Tax is chargeable on the amount of accrued benefits represented by Employer’s Voluntary Contribution x (100% - months of service/120).

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