The Employees Provident Fund (EPF) monthly statutory contribution rate for employees will revert to 11% from 8% effective from January 2011 wage. The employees' contribution rate was lowered from 11% to 8%beginning January 2009 to December 2010 wage.
Meanwhile, the employers’ monthly contribution rate still remains at 12%.
Employers are advised to ensure that the correct amounts are deducted from the employees’ wages based on the new contribution rate and remitted to the EPF starting from February 2011 contributions.
Employees who had previously submitted Form KWSP 17A (AHL) Khas/KWSP 17AA Khas to maintain the contribution rate at 11% during the 2 year period would not need to take further action.
For more information visit the nearest EPF branch, contact EPF Call Centre at 03-89226000, or post enquiries via myEPF website at Enquiry.
Source : www.kwsp.gov.my
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