| Key Features of the CSPF Scheme
The CSPF Scheme is the retirement benefits system for officers who joined the civil service on new entry terms on or after 1 June 2000 and when they progress onto new permanent terms. It is set up under the Mandatory Provident Fund Schemes Ordinance (MPFSO), with the following key design features:
| (a) |
the normal retirement age under the CSPF Scheme is 55 for disciplined services staff in general, 57 for certain prescribed disciplined ranks and 60 for all other staff; |
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| (b) |
the Government's contributions under the CSPF Scheme, including mandatory and voluntary contributions, follow a progressive contribution rates schedule as follows -
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Completed years of
continuous service
on civil service terms
(in Years)
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Government's contribution rate
in terms of the percentage
of the officer's basic salary
at his substantive rank
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below 3
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5%
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3 - below 15
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15%
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15 - below 20
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17%
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20 - below 25
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20%
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25 - below 30
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22%
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30 or above
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25%
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The contribution amount derived from applying the contribution rate includes both the Government's mandatory and voluntary contributions but excludes the Special Disciplined Services Contribution.
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(c)
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disciplined services officers are provided with, in addition to (b) above, a Special Disciplined Services Contribution at 2.5% of the basic salary; |
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| (d) |
the Government's contribution rate in respect of an officer upon his joining the CSPF Scheme would be the rate corresponding to his years of continuous service from first civil service appointment. Where an officer is directly appointed to a promotion post/rank on agreement and subsequently progresses to permanent terms, the Government's contributions for him will start at the rate on the progressive contribution rates schedule corresponding to the years of experience required for the promotion post/rank plus his years of continuous service since his first appointment to that promotion rank on civil service terms; |
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| (e) |
the overall financial commitment of the CSPF Scheme would be kept within 18% of the salary cost; |
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| (f) |
the Government's voluntary contributions would be fully vested in an officer on completion of ten continuous years of service since first appointment or on reaching the normal retirement age, whichever is the earlier, with 0% vesting in the interim; |
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| (g) |
the Special Disciplined Services Contribution would be fully vested in an officer on reaching the prescribed retirement age (i.e. 55 for the majority of disciplined service staff and 57 for certain prescribed ranks), with 0% vesting in the interim; and |
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| (h) |
both the Government's voluntary contributions and the Special Disciplined Services Contribution would be fully vested in an officer on death or retirement on permanent incapacity. |
There are provisions to enable the forfeiture and reduction of benefits attributable to the Government's voluntary contributions and the Special Disciplined Services Contribution on disciplinary grounds, and withholding of such benefits in case of doubt.
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