Many with minimum wages in favour of higher EPF contributions


Caring: EPF has proposed making it mandatory for employers of workers with minimum wage to make contributions not just based on their basic salary, but on allowances as well.

ALTHOUGH the first proposal made by the Employees Provident Fund (EPF) to extend the full withdrawal age from 55 to 60 has drawn flak, many are more receptive towards its second one.

Under the second proposal, minimum contributions will be aligned to the minimum wage legislation.

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Family & Community , Perak , EPF

   

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