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Legislative Update for PeopleSoft HCM Global Payroll Malaysia

Paul Smit
Director Product Management
On January 28th 2016, the Malaysian government released the “2016 Budget recalibration” document. As part of the relief measures announced, the EPF employee contribution rate has been decreased by 3% and the eligibility for mandatory SOCSO contribution has been increased effective March 2016.  Our Position Statement has been revised to include these legislative updates and the patch availability. We advise our customers to review the position statement to keep up-to-date. The Position Statement can be found on My Oracle Support, Document ID 2102272.1

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