What Employers Need to Know About Employee Benefits in Malaysia

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Malaysian employment law mandates several key contributions for employees, including the Employees Provident Fund (EPF) and Social Security Organization (SOCSO) payments. Employers must also navigate the Minimum Retirement Age Act 2012, which sets the retirement age at 60. Additionally, understanding the Employment Act 1955 is crucial, as it outlines working hours, overtime pay, and annual leave entitlements. Foreign workers have specific rules under the Immigration Act, so compliance ensures b…