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KUALA LUMPUR (May 13): The Employees Provident Fund (EPF) is extending the date for employers to remit their mandatory contribution for May until July, from the 15th to the 30th of each month.
This is in light of the extension of the Conditional Movement Control Order (CMCO) and its subsequent impact on business activities in the country,
EPF chief executive officer Tunku Alizakri Alias said since the start of the MCO in March, the pension fund has been receiving continuous feedback, mainly concerns, from employers about feeling the increasing pressure from the drop in business activities.
"To ensure business owners are supported while keeping firm to our mandate of ensuring members’ retirement savings are safeguarded, we will continue to provide consideration wherever possible as seen with this extension of the remittance date for May, June and July 2020," he said in a statement today.
“With the additional assistance and flexibility that this offers, our hope is that employers will continue to uphold their responsibility of paying both the employer and employees’ share of EPF contributions, as the Covid-19 situation eases with time."
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