It may be a good idea to have a mandatory cut in EPF deductions. This will ensure workers have more disposable income. On the other hand, some would prefer to maintain their rate of contributions.
LOWERING the rate of employees’ contribution to the Employees Provident Fund (EPF) temporarily is part of the Government’s bag of tricks to rouse the economy. We saw this in 2001 and 2003, for one-year periods, and we are seeing it again with the stimulus package announced on Tuesday.
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