1ST WORLD CONGRESS ON HEALTHY AGEING

HR FIRST will be participating in the WORLD CONGRESS ON HEALTHY AGEING at KLCC on Monday 19th March 2012. We will provide advice on employment and career change resources for retirees & senior matured workers. For more information on the event, kindly visit http://www.healthyageingcongress.com/

Do visit our booth or call us at 03-22848988 for more info.

Visit our website at www.seniorretiredjobs.com & www.hr-1st.com today!

EPF CONTRIBUTION FOR SENIOR WORKERS

CONTRIBUTION

If you are still working after 55 years of age, it is COMPULSORY for you to contribute to the EPF. The maximum duration of contribution is until you reach 75 years old.

The EPF contribution rate is 6% (employer) & 5.5% (employee).

WITHDRAWAL

Do you know that members must withdraw the balance in their EPF account after 75 years old as no credit for dividend is allowed?

EPF will pay dividend on the member savings until he attains at the age of 75. Any savings for the member above the age of 75 will not receive any dividend.

Some thought that being rich they can leave it there to earn better interest. If not withdrawn & if not contactable, EPF will transfer the amount to Amanah/Registrar of Unclaimed Monies until the next of kins claim the amount.