Insurance News
Brief insurance news and digest for the busy executives. A handy insurance news archive with main focus on Malaysia. Disclaimer: While all attempts are made to ensure the accuracy of the news herein, we will not be liable for any loss arising from the use of any information contained in this blog. You may reproduce materials published here provided the source (news.actuaries.com.my) is properly acknowledged.
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Thursday, 8 January 2009
22% opt to maintain EPF rate
22% or 1.23 mil out of the 5.64 mil EPF members chose to maintain their contribution rate at 11%.
By default, if a member does not submit a form to maintain his contribution rate at 11%, his contribution rate will be reduced to 8% for years 2009 and 2010.
Source: The Star
Labels: EPF, Retirement
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
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