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FACILITATING THE CONTRIBUTION PROCESS

MANAGING CONTRIBUTIONS

One of KWAP’s primary roles is managing the pension contributions from employers, comprising Statutory Bodies, Local Authorities and Agencies. In discharging this responsibility, we ensure that contributing employers comply with the relevant legislation and regulations through regular compliance and enforcement efforts.

Understanding More About Contribution

The responsibility of collecting pension contributions was initially undertaken by the Employees’ Provident Fund prior to January 1979. Other government agencies involved were the Public Service Department, Treasury Malaysia and the Accountant-General’s Department until the incorporation of KWAP in March 2007. Effective 1 March 2007, pension contributions have been remitted to Retirement Fund Incorporated (KWAP).


Employers are required to undertake the following duties and responsibilities.
 

Registration of Employee as KWAP Member

Employers are required to register their employees with KWAP using the Member Registration Form (CN2). 

 
Remittance of Pension Contribution
  • Employers are required to remit pension contributions for their, pensionable employees at the rate of 17.5% of the basic salary.
  • Employers are required to submit the Contribution form (CN3) with the correct contribution amount and employee details.
  • Contributions shall be remitted on or before the last date of the following month.
Contribution of Secondment Officer(s)
  • Secondment agencies are required to notify KWAP of any employment of seconded staff by providing the particulars and details of the secondment.
  • Employers, i.e. the secondment agencies, are required to remit pension contributions for their seconded staff (with pensionable status) throughout the period of secondment.
  • The rate of pension contributions payable is 17.5% of the basic salary of the secondment officer(s).
  • Employers are required to notify KWAP of any cessation or termination of the secondment period.

Total Contributions

(as per 2020 Annual Report)

0
Contributing Employers
0
Contributing Members

SAFEGUARDING THE PROCESS

Rate of Contribution

​Monthly contributions for permanent employees with pensionable status is 17.5% of the employee’s monthly basic salary.

Compliance & Enforcement

The objective of our compliance and enforcement visits to the contributing employers is to ensure compliance by employers with the provisions under the Statutory and Local Authorities Pensions Act 1980 (Act 239).

Penalty

Employers who fail to remit pension contributions within the prescribed time shall be penalised under Section 8(4) of the Statutory and Local Authorities Pensions Act 1980 (Act 239). Penalties are charged at the rate of 0.5% in respect of each month in default of payment of the amount that remains unpaid.

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