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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.

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