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Employees are assets to the organization.

ACT 452

EMPLOYEES PROVIDENT FUND ACT 1991

An Act to provide for the law relating to a scheme of savings for employees' retirement and the management of the savings for the retirement purposes and for matters incidental thereto.

Payment Liable for EPF Contribution:

In general, all payments which are meant to be wages are accountable in your monthly contribution amount calculation. These include:

  • Salary;
  • Payment for unutilised annual or medical leave;
  • Bonus;
  • Allowance;
  • Commision;
  • Incentive;
  • Arrears of wages;
  • Wages for maternity leave;
  • Wages for study leave;
  • Wages for half day leave;
  • Other payments under services contract or otherwise.

Payments Exempted From EPF Contribution:

  • Service Charge;
  • Overtime Pay;
  • Gratuity;
  • Retirement Benefits;
  • Retrenchment, temporary and lay-off;
  • Any travelling allowances or the value of any travelling concession;
  • Directors' Fees;
  • Any other remuneration or payments as may be exempted or otherwise.

Explanation Regarding Payments Exempted From EPF Contribution

  • Service Charge;

    A service charge is any money or payment either in the form of a service charge, service fee, tips or other payments paid by, charged to, collected from or voluntarily given by customers or other individuals (who are not the employer) with respect to the employer's business. This payment is made to an employee either in whole or in part, directly or indirectly, and either under the service contract between the employer and the employee or otherwise.

  • Overtime Pay;

    Any monies payable by the employer to the employee for work done over the regular working hours of the employee and include any payment due to the employee for work done on public holidays and off days.

  • Gratuity;

    Any payment made by the employer to the employee payable at the end of a service period or upon voluntary resignation in acknowledgment of the employee's service.

  • Retirement Benefits;

    Any payment made to the employee due to retirement whether mandatory or voluntary or for health reasons as stated in the employee's service contract.

  • Staff reduction, lay-off or termination benefits;

    Any payment made by the employer to the employee as a result of staff reduction, lay-off or termination exercise.

  • Any travelling allowance or the equivalent of any travel concessions;

    Any payment made by the employer to the employee for the purpose of travelling and transport expenses.

  • Payment in lieu of notice of termination of service;

    Amount paid by the employer or employee in lieu of a notice of termination of service by:

a.      the employer to the employee to terminate his/her services; or

b.      the employee to the employer upon resignation.

  • Director's Remuneration.

     Remuneration or fee paid to the director.

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Sorry, for the long post and have your berries for eye resting.

 

11.0 TUGAS DAN TANGGUNGJAWAB MAJIKAN DI BAWAH AKTA KWSP 1991 (The wrong doings and penalties.)

KESALAHAN DAN PENALTI DI BAWAH AKTA KWSP 1991

Seksyen

Kesalahan

Penalti

41(1)

Majikan yang gagal mendaftar dengan Lembaga dalam tempoh 7 hari dari tarikh majikan wajib mencarum.

Penjara tidak melebihi tiga tahun atau denda tidak melebihi RM10,000 atau kedua-duanya sekali.

41(3)

Majikan yang gagal memberitahu Lembaga dalam tempoh 30 hari dari tarikh ia berhenti bertanggung mencarum.

Penjara tidak melebihi enam bulan atau denda tidak melebihi RM2,000 atau kedua-duanya sekali.

42(1)

Majikan yang gagal menyediakan dan memberikan penyata upah kepada pekerjanya.

Penjara tidak melebihi enam bulan atau denda tidak melebihi RM2,000 atau kedua-duanya sekali.

43(2)

Mana-mana majikan yang gagal membayar kepada Lembaga KWSP caruman bagi pihak mana-mana pekerja berkenaan mana-mana bulan dalam tempoh 15 hari terlepas bulan yang caruman itu kena dibayar.

Penjara tidak melebihi tiga tahun atau denda tidak melebihi RM10,000

47(1)

Mana-mana majikan memotong atau cuba memotong daripada upah atau saraan mana-mana pekerja keseluruhan atau mana-mana bahagian daripada caruman majikan.

Penjara tidak melebihi enam tahun atau denda tidak melebihi RM20,000 atau kedua-duanya sekali.

48(3)

Mana-mana majikan yang memotong caruman pekerja daripada upah pekerja dan gagal membayar jumlah wang yang dipotong itu atau mana-mana bahagiannya kepada KWSP.

Penjara tidak melebihi enam tahun atau denda tidak melebihi RM20,000 atau kedua-duanya sekali.

  • Laman web KWSP:www.kwsp.gov.my
  • Pusat Pengurusan Perhubungan KWSP: 03-8922 6000.
  • Nombor Fax : 03-89226222 (Fax Cover Note)
  • Enquiry: http://enquiry.kwsp.gov.my
  •  Pejabat-pejabat KWSP yang berhampiran.