An Existing Member is an employee who has become a member of the ORSO scheme on or before 1 December 2000.

A new eligible employee is an employee who is eligible to join the ORSO scheme after 1 December 2000.

Years of post-MPF service in relation to a member of a relevant scheme, means the member's continuous years of service (including complete months of a year) from the date he/she joined the scheme or 1 December 2000, or the date on which the trustee of the scheme received his/her claim for which benefits were last paid on the ground of terminal illness, whichever is the latest, to the earliest of the date of termination of his/her employment or in the case of the winding up of the scheme, the date on which he/she ceases to be a member or the date of the coming into effect of the withdrawal of exemption certificate or the date on which the trustee of the scheme receives his/her latest claim on the ground of terminal illness for which benefits have not been paid.

Final average monthly relevant income means the member's relevant income per month averaged over:

• if the member has been a member of the scheme for not less than 12 months after 1 December 2000, i.e. the commencement date of the MPF System, the period of 12 complete months (excluding any unpaid leave or maternity leave taken by the member pursuant to any enactment or contract) immediately preceding the earliest of the date of termination of his/her employment or in the case of the winding up of the scheme, the date on which he/she ceases to be a member or the date of the coming into effect of the withdrawal of the exemption certificate or the date on which the trustee of the scheme receives his/her latest claim on the ground of terminal illness for which benefits have not been paid; or
• in any other case, the period (excluding any unpaid leave or maternity leave taken by the member pursuant to any enactment or contract) since the date the member joined the scheme or 1 December 2000, whichever is the later, to the earliest of the date of the termination of his/her employment or in the case of the winding up of the scheme, the date on which he/she ceases to be a member or the date of the coming into effect of the withdrawal of the exemption certificate or the date on which the trustee of the scheme receives his/her latest claim on the ground of terminal illness for which benefits have not been paid.

Relevant income will be capped by the maximum level of HK$30,000 per month first before calculating the average.

 

Relevant Income

• In the case of a relevant employee, any wages, salary, leave pay, fee, commission, bonus, gratuity, perquisite or allowance, expressed in monetary terms, paid or payable by an employer (directly or indirectly) to that relevant employee in consideration of his employment under that contract, but does not include severance payments or long service payments under the Employment Ordinance (Cap. 57);
• In the case of self-employed person, the calculation of relevant income is basically linked to his/her assessable profits that are calculated in accordance with the Inland Revenue Ordinance.