Hong Kong teachers withdrew HK$8.4 billion from pension funds in past school year

South China Morning PostEN 1 min read 100% complete by William YiuFebruary 5, 2026 at 07:12 AM

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In Hong Kong, public school teachers withdrew HK$8.4 billion from retirement funds in the 2024-25 school year, a 3.4% decrease from the previous year, continuing a three-year downward trend. The Education Bureau's annual report on the Subsidised Schools Provident Fund and the Grants Schools Provident Fund revealed that resignation, rather than retirement, remained the primary reason for withdrawals. A growing proportion of younger teachers leaving the profession accounted for 32-35% of all withdrawal cases, the highest since 2021. A total of 2,581 teachers withdrew from the fund, each taking out an average of HK$3.38 million. Teachers and principals in public schools are required to join one of the two provident fund schemes for educators.

Key Entities & Roles

Key Player Opposition Context

United States 30% South China Morning Post 40% Subsidised Schools Provident Fund 60% Grants Schools Provident Fund 60% Education Bureau 70% Hong Kong ×390%

Keywords

teacher pension funds 90% teacher withdrawals 80% teacher resignations 70% retirement fund schemes 60% provident fund 60% public schools 50% emigration 50% education bureau 40%