Wednesday, December 24, 2014

MALAYSIA:::EPF to sue Perwaja Steel

The Employees Provident Fund (EPF) has taken legal action against Perwaja Steel (Kemaman) Sdn Bhd (PSSB) for defaulting monthly EPF contributions, amounting to RM9.17 million, for the period between August 2013 and September 2014.
The action, both prosecution and civil suit, was also taken personally against company directors for the same default.

EPF deputy chief executive officer for operations Datuk Mohd Naim Daruwish said EPF has completed the investigations on PSSB Kemaman and has filed the civil suits against the company and its directors at the Kuala Terengganu High Court to recover the outstanding arrears of contributions.
“We have also duly notified the company directors on the overdue contributions owed by the company to initiate recovery action and compel payment, which includes restricting them from leaving the country pursuant to Section 39 of the EPF Act 1991,” he said in a statement today.
Mohd Naim said EPF would continue to be firm and take stern action against errant employers as EPF savings was the main source of retirement income for their employees.
Under the EPF Act 1991, all employers are required to submit their monthly statutory contributions on behalf of their employees on or before every 15th of the following month.
Once the full amount has been received, the EPF will credit all outstanding contributions to the respective members’ accounts.

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