New era and senior citizens
New era and senior citizens.
Malaysia has over three million senior citizens. From January, 2019, the Employee's Provident Fund (EPF) has decreased the rate of employer's statutory contribution to employee of 60 years and above to 4% a month, while the employee contributes zero percent.
This step is consistent with the modern world. The nation must adapt to the new environment.
Labels: Employees' Provident Fund
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