A "personal account" is used for preserving your MPF assets under the following circumstances:
• For preserving the MPF assets derived from your previous employment(s) or self-employment(s)
• For receiving the MPF assets derived from your portion of the mandatory contribution accounts in your current contribution account under the Employee Choice Arrangement
After a job change or cessation of self-employment status, you may set up a personal account with the MPF trustee of your choice to manage the MPF assets derived from your previous schemes, or, under the Employee Choice Arrangement, you may transfer the MPF assets derived from your portion of the mandatory contribution accounts in the current contribution account to a MPF provider of your choice.
Please note, if your current trustee does not hear from you within 3 months after receiving the Employee Termination Notice from your previous employer, your accrued benefits will automatically be transferred to a personal account held under your name in the same scheme.