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Legislative Update for PeopleSoft HCM Global Payroll Malaysia

Paul Smit
Director Product Management
The Employee’s Social Security Act was amended to include new SOCSO contribution rates effective June 2016. The changes tabled are now approved and the contribution rates are published. The mandatory contribution limit has been increased to RM 4, 000. 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 document is made available on My Oracle Support, Document ID 2102272.1.

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