Friday, 20 February 2015

Hong Kong Updates- Employees Compensation

Increases to reflect inflation in the statutory compensation levels under employees compensation legislation have been approved and will take effect for work accidents happening after 4th March, 2015.

The increases include (i) the ceiling of monthly earnings up from HK$23,580 to HK$26,070. This figure is the basis for calculating the maximum amounts of compensation for permanent total incapacity and for death; (ii) the minimum levels of compensation for death up from HK$340,040 to HK$375,950; (iii)the minimum levels of compensation for permanent total incapacity up from HK$386,110 to HK$426,880; (iv)the maximum amount of compensation for employees requiring attention by another person up from HK$462,890 to HK$511,770; and (v) the maximum amount of funeral expenses up from HK$70,000 to HK$76,220.

Primasia will post the updates of Hong Kong and China from time to time. Follow us on our WebsiteBloggerLinkedIn and stay tunned for our updates!
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