Legislative Updates for PeopleSoft HCM Global Payroll Malaysia
By Carolyn Cozart on Aug 08, 2013
Effective August 1st, 2013 EPF Contribution applicable until 55 years of age is now being extended till 60 years of age and the rates remain unchanged i.e., 12 percent from employers; 11 percent from employees. Our Position Statement has been revised to include these legislative updates for the respective changes. We advise customers to review the position statement to keep up-to-date. The Position Statement can be found on My Oracle Support, Document ID 1528264.1.