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Malaysia
Cut in employees'
contribution to EPF
The employees' compulsory
contribution to the Employee
Provident Fund (EPF) has been cut by
2% as part of a Government package
to counter the negative effects of the
slowdown in the US economy. With
effect from 1 April 2001, for one year
(ie up to 31 March 2002), the
employee contribution to the EPF will
stand at 9% of monthly pay
compared with the previous 11%. The
employer's contribution, however,
remains unchanged at 12%.
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