Rate of Contribution
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- Rate of Contribution
Monthly contribution for permanent employees with pensionable status
17.5% of the employee’s monthly basic salary. (Refer to Section 8(1) of the Statutory and Local Authorities Pension Act 1980 (Act 239).)
Monthly contribution for secondment officers with pensionable status
17.5% of the employee’s monthly notional basic salary. (Refer to Pekeliling Perkhidmatan Bilangan 12, 2008 Dasar & Prosedur Pelantikan Secara Peminjaman, Pertukaran Sementara Dan Pertukaran Tetap.)
Contribution Due Date
Monthly contributions, either through EFT / TT, RENTAS or cheque, must reach KWAP before or on the last day of the following month. (Refer to Section 8(3) of the Regulations to the Statutory and Local Authorities Pensions Act 1990.)
Month | Payment dateline |
---|---|
January | 28 / 29 February |
February | 31 March |
March | 30 April |
April | 31 May |
May | 30 June |
June | 31 July |
July | 31 August |
August | 30 September |
September | 31 October |
October | 30 November |
November | 31 December |
December | 31 January |
Penalty for Late Contribution
Under Section 8(4) of the Statutory and Local Authorities Pensions Act 1980 (Act 239), a penalty at a rate of 0.5% of the contribution amount will be imposed for each month the contribution amount remains unpaid.