16 Jan 2019
MALAYSIA: Statutory Pension Fund Contribution Cut for Employees Aged 60+
In the case of workers aged 60 or more, the minimum statutory contribution to the country’s Employees Provident Fund (EPF) has been revised. The employers’ contribution has been cut from 6% to 4%, while the employees’ share has been reduced from 5.5% to 0%. These changes came into effect from 1 January this year.