The government has decided to stick with the move to reduce the workers' EPF contribution from next year despsite disagreement from few union bodies such as the Malaysian Trades Union Congress (MTUC, Malaysia Airlines System Employees Union (MASEU) and Malaysian Employers Federation.
Second Finance Minister Tan Sri Nor Mohamed Yakcop said that the government came to the conclusion that the majority of contributors may feel that the initiative is good since they would be getting more cash in hand in this challenging time. The employees who did not wish to reduce their statutory contribution from 11% to 8% a month would have to fill up the form in writing stating.
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