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Hong Kong firm warned over late payment of HK$1.6 million in pension contributions

  • Retirement fund watchdog tells Hi-Speed Supply Chain subsidiary to stump up payments or face legal action

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Hi-Speed Human Resources has been told to pay pension contribution arrears. Photo: Handout

Hong Kong’s retirement fund watchdog has warned a logistics company’s subsidiary to pay HK$1.6 million (US$205,179) in pension contributions for 400 employees or face legal action.

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The warning to Hi-Speed Human Resources on Saturday was issued as the Labour Department confirmed that it had received complaints from some workers at the firm about pay arrears.

A former staff member earlier told the media that the company, owned by Hi-Speed Supply Chain, had not paid employees’ salaries for two months.

“The authority has requested the company to pay the arrears immediately,” the Mandatory Provident Fund Schemes Authority said.

“Otherwise, the authority will pursue civil claims in court to recover the outstanding contributions and surcharges for the affected employees.”

Hong Kong’s pensions watchdog has warned Hi-Speed Human Resources to stump up pension contributions for employees. Photo: Edmond So
Hong Kong’s pensions watchdog has warned Hi-Speed Human Resources to stump up pension contributions for employees. Photo: Edmond So

Hi-Speed Supply Chain was founded in 2011 and its website says it has more than 2,000 employees with a storage capacity of more than 278,709 square metres (3 million sq ft).

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