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2% EPF contribution rate further marginalises foreign workers, says activist

The article discusses the concerns raised by an activist regarding the recent decision by the Malaysian government to reduce the Employees Provident Fund (EPF) contribution rate for foreign workers from 11% to 9.5%. This change, effective from May 11, 2024, is seen as further marginalizing foreign workers in Malaysia. The activist argues that this reduction not only affects the retirement savings of these workers but also reflects a broader issue of discrimination and lack of social protection for migrant labor. The move is criticized for potentially discouraging foreign workers from saving for their future, thereby increasing their vulnerability and economic insecurity. The activist calls for equal treatment and better welfare provisions for all workers, regardless of nationality, to ensure fair labor practices and social justice.

Read the Full MSN Article at:
[ https://www.msn.com/en-my/politics/government/2-epf-contribution-rate-further-marginalises-foreign-workers-says-activist/ar-AA1z88n4 ]