May 27 2006, 12:46 PM
QUOTE(Ethan @ May 26 2006, 11:19 PM)
Employeer 11%.
Employer 15.5%.
They usually call this Enhanced EPF Contribution.
Should look into this matter carefully. 3% of RM2700 salary is RM81, extra, EVERY MONTH! I think that's good money. Not to mention if your salary goes up to RM4k after 2 years....
Why don't they just leave their contribution at 12.5% and pump the additional 3% into your base salary?Employer 15.5%.
They usually call this Enhanced EPF Contribution.
Should look into this matter carefully. 3% of RM2700 salary is RM81, extra, EVERY MONTH! I think that's good money. Not to mention if your salary goes up to RM4k after 2 years....
Yearly increment is based on the base salary, right?
So if you get a 5% increment at the end of this year, your employer has to fork out (1.05)*(1.03)*(2700) for your next years monthly salary if they didn't put that 3% into your EPF. That's 8.15% extra. If they just 'contributed' that 3% into your EPF then they just have to give the nominal 5% extra.
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