measures summary
- The EPF is introducing its Employer Advisory Services (EAS) to provide customised advisory for employers, specifically with regards to EPF contributions during the current economic downturn.
- Through this, the EPF will assess the specific conditions of affected companies and offer customised plans on their EPF contributions schedule.
- This measure aims to assist employers to remain solvent in riding the volatile business cycle amidst the Covid-19 pandemic whilst allowing employers to continue providing and retaining jobs, supporting workers, protecting livelihoods by alleviating some of the cash flow challenges for small and medium-sized enterprise (SME) employers.
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