EXTENSION OF MAY, JUNE AND JULY 2020 CONTRIBUTION PAYMENT DATE
KUALA LUMPUR, 13 May 2020: In light of the extension of the Conditional Movement Control Order (CMCO) and its subsequent impact on business activities in the country, the Employees Provident Fund (EPF) is extending the date for employers to remit their mandatory contribution for the months of May 2020 until July 2020, from the 15th to the 30th of each month respectively.
Alizakri Alias, Chief EPF Officer said, “Since the start of the MCO back in March, we have been receiving continuous feedback, mainly concerns, from our employers that they are 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 the months of May, June and July 2020.”
“With the additional assistance and flexibility that this offers, our hope is that employers will continue to uphold their responsibility of paying for both employer and employee share of EPF contributions, as the COVID-19 situation eases with time.”
Contribution payments can be made on the EPF website via the i-Akaun (Employer) portal, Internet banking or by visiting the counter of appointed banks.
Issued by the EPF Media Desk
Corporate Affairs Department
13 May 2020
About the Employees Provident Fund (EPF)
The Employees Provident Fund (“EPF”) is one of the oldest retirement funds in the world. Established in 1951, the EPF is a social-security organisation focused on safeguarding member savings and delivering excellent services. In recent years, in line with its vision of helping members achieve a better future, the EPF has expanded its role to encompass the creation of a comprehensive social well-being ecosystem. Today, the EPF remains steadfast in its commitment to members through consistent efforts to update and improve itself, in order to build the foundation for sustainable, holistic and equitable well-being for all Malaysians