268 Rates of contribution

Rates of contribution

The principal employer must make a monthly contribution for each eligible employee according to the rates specified under the Act. The employee’s share of 0.5% of wages should be paid for coverage under the Invalidity Pension Scheme while the employer pays 1.75% for the Employment Injury Insurance Scheme and the Invalidity Pension Scheme. The rate of contribution is based on the monthly wage of the employee in accordance to 34 categories. Contributions should be made from the first month the employee is employed.

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Rates of contribution Copyright © 2011 by Wawasan Open University. All Rights Reserved.

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