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English > Contributions > Pages > DutiesandReponsbilities.aspx
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You
are here:
Contributions > Duties and Responsibilities of Employers
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"KWAP achieved net ROI and TWRR of
5.75% and 5.30%
respectively in 2011"
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| Duties and Responsibilities of Employers |
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| Employers are required to undertake the following duties and responsibilities. |
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| Registration of Employees
as KWAP Members |
- An employer is required to register all of its employees with KWAP
within 14 days from the date the pensionable status is granted by Public
Service Department. Form CP1 will be used for registration of employees
- Employers are required to use the KWAP member number for the remittance
of the pension contributions of each employee.
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| Payment of Pension Contributions |
- Employers are required to pay pension contribution for its pensionable
employees at the rate of 17.5% of the basic salaries of the employees.
- Employers are required to complete the monthly contribution forms
(Format 1, 2, and 2C) with the correct contribution amount and employees
details.
- Payment of pension contributions shall be remitted on or before
the last date of the following month.
- Receipts of payments remitted shall be kept by employers for a period
of not less than 7 years.
- Pension contributions for employees on study leave should be paid
in full for the period of study leave approved.
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| Contributions of Seconded
Staff |
- Secondment agencies are required to notify KWAP of any employment
of seconded staff by providing the particulars and details of the secondment.
- Employers ie the secondment agencies are required to remit pension
contribution for its seconded staff (with pensionable status) throughout
the period of secondment.
- The rate of pension contributions payable is 17.5% of the basic
salaries of the seconded staff
- Employers are required to notify KWAP of any cessation / termination
of secondment period of the seconded staff
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| Change of Name / Employer Status
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- Employers are required to notify KWAP in writing of any change in
name or status of the employers within 14 days from the date of change.
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| Change of Address / Business Contacts |
- Employers are required to notify KWAP in writing of any change of
address/business contact within 14 days from the date of change.
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