Employee Provident Fund Act 1991

An act to provide for the law relating to a scheme of savings for employees retirement and the management of the savings for the retirement purposes and for matters incidental thereto.

Employee provident fund act 1991. Citation and commencement 1. Laws s of 1955 25 of 1958. 48 of 1961 49 of 1961. Provident fund act 1991 act 452 the minister makes the following order.

On 18 12 2019 parliament passed a bill to amend certain provisions of the employees provident fund act 1991 epf act which will come into operation on a date to be appointed by the minister of finance by notification in the gazette. 1st june 1958 1. The epf claims that the lowered dividend is the result of its decision to invest in low risk fixed revenue instruments which produce lower returns but maintains the principal value of its members contributions. Section 2 of the epf act spells out the definition of an employer as follows.

Employer means the person with whom an employee has entered into a contract of service or apprenticeship and includes a a manager agent or person responsible for the payment of. Legally the epf is only obligated to provide 2 5 dividends as per section 27 of the employees provident fund act 1991. Acts 36 of 1976. B 264 1991 be it enacted by the seri paduka baginda yang di pertuan.

Epf is governed by the employees provident fund act 1991 epf act. 2 this order comes into operation on 1 june 2004. This act may be cited as the provident fund act. 1 this order may be cited as the employees provident fund amendment of third schedule order 2004.

Amendment of third schedule 2. Act 452 employees provident fund act 1991. Provident fund 3 cap. The employees provident fund act 1991 is amended by.

Some of these amendments involve introduction of new provisions which are among other things meant to ensure compliance with the obligation to. This act may be cited as the employees provident fund act no 15 of 1958 and shall. 1 june 1991 p u. Act 452 employees provident fund act 1991 an act to provide for the law relating to a scheme of savings for employees retirement and the management of the savings for the retirement purposes and for matters incidental thereto.

7 laws of malaysia act 452 employees provident fund act 1991 an act to amend and re enact the law relating to provident fund for persons employed in certain occupations and for matters incidental thereto.