The EPF Act 1991, Amendments 2007 to 2011 / 2013 – The Effect And Implications To Employers & Members

Introduction

The EPF Act 1951 was replaced in 1991 by a new and more comprehensive Act, with further amendments over the following years, the latest being “amendments 2007″ implemented in 2007 and 2008, as well as “amendments 2011″. Though it has been 60 years since the EPF came into existence, many employers still have not grasped the essential provisions of the law on their role, responsibilities and liabilities. Further with amendments to The Act from time to time, uncertainties and confusion reign amongst a considerable number of employers and they often face litigation, penalties and other difficulties in their dealing with the EPF. The same situation amongst employees on the other hand has deprived them of fully knowing and enjoying their rights, privileges and benefits available to them under the law.

How Will You Benefit

Upon completion of this programme, the participants will be able to:

• Understand an in-depth of the objects of The Act
• Understand the Statutory Requirements of The Act
• Analysis the rights, obligations and liabilities of employers and employees under The Act
• Understand the Benefit available under The Act
• Understand the Procedures and Processes under The Act
• Understand the Offences and Penalties under The Act
• Understand the Latest Amendments & Their Implications

Who Should Attend

This program is suitable for Directors, Partners, HR Managers, Executives, Finance & Admin Managers, Trade Union Officials, Payroll Staff and Employees

Methodology

This stimulating program will maximizes the understanding and learning through lecture, discussion, case studies and practical activities.

Module

• INTRODUCTION
• UNDERSTANDING & APPLYING THE EPF ACT
• STATUTORY REQUIREMENTS UNDER THE ACT
• COMMON PROBLEMS, IMPLICATIONS & SOLUTIONS
• POWER OF AN EPF INSPECTOR
• OFFENCES, PENALTIES & COURT PROCEEDINGS
• LEGAL LIABILITIES OF DIRECTORS, PARTNERS & OTHERS (JOINTLY, SEVERALLY & PERSONALLY)
• DEALING WITH THE EPF
• AMENDMENTS : 2007 – 2011 / 2013
• ‘MEMBERS’ ROLE, RESPONSIBILITIES & RIGHTS’
• ANNUAL MEMBERS’ STATEMENT
• CONTRIBUTIONS NOT CREDITED – REASONS
• MEMBERS’ RESPONSIBILITIES
• MEMBERS’ RIGHTS & BENEFITS