• Characteristics
  • an integrated HR, payroll and retirement scheme contribution administration system
  • an employee can participate in an MPF scheme and an ORSO scheme at the same time
  • assists employers to fulfill their legal obligations under MPF
  • produces all statements and notifications that are required of the employers under MPF
  • parameter-driven, program changes are thus minimized
  • user-friendly, provides online documentation and guidance
  • supports multi-company and multi-user
  • technologically advanced
• Compresensive Payroll Processing
  • provides 3 options to prorate basic salary (week day, working day and calendar day)
  • calculates OT
  • calculates leave deduction
  • calculates leave pay
  • handles recurring income and deduction items
  • makes partial payment
  • calculates year-end bonus
  • calculates severance payments or long service payment
  • modifies previously confirmed payroll
  • makes late payment
• HR Functions
  • helps monitor attendance (late, early departure, absentees, no. of hours worked, OT)
  • calculates daily wages
  • monitors compliance with regulatory training requirements
  • keeps track of company property on loan to staff
  • maintains an employee skills and qualifications database
• MPF Functions
  • calculates relevant income
  • calculates mandatory contributions
  • calculates voluntary contributions
  • prints MPF pay-records and remittance statements
  • calculates contribution surcharge and allocates to the individual employees
  • handles special lump sum voluntary contributions and allocates to the individual employees
  • calculates severance payment and long service payment
  • prints notifications to the trustee
  • handles prior period adjustments
  • can withhold employee mandatory contributions starting from the 31st day of employment
  • produces online non-MPF compliance warning messages
  • assists employers to fulfill record-keeping requirements
• Other Functions
  • assists with leave administration
  • provides multiple holiday tables
  • produces tax returns (56B, 56E, 56F, 56G and 56M)
  • is able to export payroll, employee and contributions data to and from Excel spreadsheets
  • provides financial modeling capability (tells employer what will be the impact on his/her bottom line if he/she increases the employees' salary by a specified %)
  • enables data backup, archive and restore
  • consolidates tax return information for multiple employees under the same HKID within the same or across companies
• Comprehensive Voluntary Contribution
  • voluntary contribution classes can be determined by grade, by time or by grade and time. System will change contribution class automatically.?No manual intervention is needed.
• Comprehensive Conitrbution Handling
  • can handle monthly, half-monthly, bi-weekly, weekly and daily pay intervals within the same employer (company)
• Flexible Income Group Structure
  • allows users to classify employees with different pay structures and/or pay periods (e.g., monthly and bi-weekly) into different income groups for efficient payroll processing.
• 9 Options for Making Voluntary Contributions
  • while voluntary contributions for ORSO schemes are normally calculated as a percentage of basic salary, TriMPF provides 9 options in relation to MPF top-up schemes.?These are:
    1. a percentage of relevant income
    2. a percentage of relevant income less mandatory contributions
    3. a percentage of salary
    4. a percentage of salary less mandatory contributions
    5. a standardized fixed amount per employee
    6. a standardized fixed amount per employee less mandatory contributions
    7. a variable amount per employee
    8. a variable amount per employee less mandatory contributions
    9. non-contributory
• HKSAR Government Bodies Required Functions
  • calculates contract gratuity in accordance with the guidelines issued by CSB
  • calculates MPF contributions for newly joined employees who had previously worked for other government bodies for less than 60 days
  • handles multiple schemes
  • allows employees to change scheme
  • captures employment contract details

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