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EPF has just announced that employees monthly statutory contribution rate will be reverted to 11 percent with effect from January 2011 salary. Those who opted out of this ruling will not have any effect.

EPF Employee Contribution Rate Back to 11 Per Cent January 2011

The Employees Provident Fund (EPF) monthly statutory contribution rate for employees will revert to 11 per cent from 8 per cent with effect from January 2011 wage and the contribution to be paid to the EPF from February 2011 onwards.

The employees’ statutory rate was lowered for a two-year period from 11 per cent to 8 per cent beginning January 2009 to December 2010 wage.

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.

Members who had previously submitted Form KWSP 17A (AHL) Khas/KWSP 17AA Khas to maintain the contribution rate at 11 per cent during the two-year period would not need to take further action.

The employers’ share of the monthly contribution to the EPF remains at 12 per cent.

Employers who need more information may visit the nearest EPF branch, contact EPF Call Centre at 03-8922 6000, or post their enquiries via myEPF website at Enquiry.

General Manager
Public Relations
Employees Provident Fund

Date: 18 November 2010

Source: EPF Website


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