What a bold move by the Government to make this thing happen. Effective January 2012, members of the Employees Provident Fund (EPF) earning up to RM5,000 a month will receive a boost in their retirement savings when the revised employers’ statutory contribution of 13% from the current 12%. EPF Public Relations general manager Nik Affendi [...]
We would like to express our gratitude to our Prime Minister for the Malaysia Budget 2012 which was presented in the Parliament last Friday. The live telecast of the speech which starts at 4pm can be accessed in Bahasa Malaysia and English by surfing the Malaysian Treasury portal at http://www.treasury.gov.my We share some of the [...]
Employees Provident Fund (EPF) or Kumpulan Wang Simpanan Pekerja (KWSP)is a compulsory savings scheme in Malaysia. Its primary aim is to provide a measure of security for old age retirement to its members. It also provides supplementary benefits to members to utilize part of their savings for house ownership and other withdrawal schemes. Read our [...]
WHAT IS EMPLOYEES PROVIDENT FUND ? Employees Provident Fund is a compulsory savings scheme in Malaysia. Its primary aim is to provide a measure of security for old age retirement to its members. It also provides supplementary benefits to members to utilize part of their savings for house ownership and other withdrawal schemes. EPF is [...]
AIDS is among the 16 types of illnesses added into the Employees Provident Fund’s list of critical illnesses under the health withdrawal scheme. Starting today, the list has been expanded from 39 illnesses to 55. EPF contributors are now allowed to make withdrawals for treatment for more diseases. They are also permitted to buy critical [...]
The Employees Provident Fund (EPF) has declared a dividend of 5.8 percent for 2010, up from 5.65 percent declared the year before, buoyed primarily by good performance in the equities market. “The remarkable investment income achieved in 2010 was especially driven by the performance of equity investments,” said EPF Chairman Tan Sri Samsudin Osman in [...]
The Employees Provident Fund (EPF) will launch the 1Malaysia Retirement Saving Scheme on Jan 3 next year. The scheme was first announced by the Prime Minister during the tabling of the 2010 Budget in October. The retirement scheme aims to provide a care of the welfare of all strata of the self-employed who had no [...]
Staff Confirmation Template Letter
We share some template of Staff Confirmation Template Letter for your reference. This template can be used for any occasion. Template 1 This letter is to confirm that Mr Chong has been employed by Syarikat ABC Sdn Bhd on a full time basis from 2 November 2010 until 31 October 2010 as Assistant Manager, Operations [...]
Frequently Asked Question on constructive dismissal
I have compiled various Frequently Asked Question on constructive dismissal from the net and personal experience for guide. FAQ 1 What is constructive dismissal ? Question What is constructive dismissal? Under what situations can I claim constructive dismissal? Answer Constructive dismissal refers to situations where you feel your employer has behaved in such a way [...]
Frequently Asked Question on Resignation
I have compiled various Frequently Asked Question on Resignation from the net. FAQ 1 Unutilised Leave Balance Question Let’s say, I would like to tender my resignation on 21 Aug with 30 days notice. Counting until 30 days, last day will be 19 Sept. I have 4.5 days of annual leave balance. In between 21 [...]
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