You have to report to us the employees who are no longer employed by you on or before the 10th day of the calendar month following the last day of employment of these employees. What to Do Submit the Employee Termination Notice to us, or mark the relevant information on the remittance statement. Offsetting Long Service Payment (LSP) / Severance Payment (SP) If LSP / SP are paid to your employees in accordance with the Employment Ordinance, you can apply to offset the LSP / SP payment amount, or part of, from the accrued benefits derived from the employer's contributions made for these employees. What to Do Step 1: Mark "LSP / SP Claim" and indicate the LSP / SP amount in the relevant columns on the remittance statement or the Employee Termination Notice Step 2: Submit to us the original LSP / SP receipt duly signed by you and your employee. Note: The payment of LSP / SP offset to employer will only be made on condition that the member concerned had given his / her instruction on fund transfer; or after 90 days from the date of receipt of employment termination notice or the last date of employment. In order to expedite the process to reimburse LSP / SP amount from employer's contribution account, please submit the Request for Fund Transfer / Payment of Accrued Benefits Form (For Scheme Member) or Request for Fund Transfer Form (For Scheme Member) completed by the relevant employee(s). Otherwise, the reimbursement will be paid in approximately 120 days from the date the "Employee Termination Notice" is received.