SlideShare utilise les cookies pour améliorer les fonctionnalités et les performances, et également pour vous montrer des publicités pertinentes. Si vous continuez à naviguer sur ce site, vous acceptez l’utilisation de cookies. Consultez nos Conditions d’utilisation et notre Politique de confidentialité.
SlideShare utilise les cookies pour améliorer les fonctionnalités et les performances, et également pour vous montrer des publicités pertinentes. Si vous continuez à naviguer sur ce site, vous acceptez l’utilisation de cookies. Consultez notre Politique de confidentialité et nos Conditions d’utilisation pour en savoir plus.
Compensition & Benefits
Pension System in Malaysia
Employment Provident Fund (EPF)
• Private sectors workers.
• It’s defined contribution, mandatory plan for
employees and employer based on a prescribed rate
of contribution accumulated as saving in a personal
account (13% + 11% -effective on september 2013).
• Gross contributions are channeled into two account.
Account 1 (for retirement and be withdrawn only
when reaches 55 years). Account 2 ( housing, tertiary
educate, health needs and can be withdrawn at age
• Benefit pension scheme financed fully from
the government budget without any
contributions from beneficiaries.
• Minimum retirement age is 60 years.
• Minimum 10 years of service is required to be
eligible for a pension.
• Provisions for those who are injured or die
Civil Service Pension Scheme
The Armed Forces Fund (LTAT)
• It’s mandatory for all military personnel who
are not commisioned officers.
• It’s a defined- contribution scheme at a rate of
10 % of monthly salary employees and 15%
from the government as employer.
• The age for fully withdrawn is 50.
Social Security Organization
• Employees Social Security Act of 1969 is based on
social insurance principles.
• It operates the Employment Injury Insurance
• The former provides medical, disability, death and
rehabilitation benefits for workers injured on the job.
• The rate of contribution for the injury scheme is 1%
(employer) 0.5% (employee).
• SOCSO provides pension for spouse on the death of
actively employed beneficiaries younger than 55.
• Malaysia’s Department of Social welfare
provides a monthly pension of RM300 the
people older than 60 who are destitute,
infirm, and have no next of skin.