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EPF to align monthly contribution with new minimum wage order


Tunku Alizakri said low wages, particularly among low-income earners, was one of the primary causes why many Malaysian workers retired with insufficient funds.

Tunku Alizakri said low wages, particularly among low-income earners, was one of the primary causes why many Malaysian workers retired with insufficient funds.

KUALA LUMPUR: Beginning Jan 1, 2019, the minimum contribution of employees and employers to the Employees Provident Fund (EPF) will be aligned with the Minimum Wages Order (Amendment) 2018 of RM1,100 for both Peninsular Malaysia, and Sabah and Sarawak.

The EPF said a minimum contribution of RM264 was expected to be received from every worker who earned monthly wages, subjected to being employed for the full month, under the new measure.

Corporate News , Economy

   

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