| 单词 | EMPLOYEES PROVIDENT FUND |
| 释义 | Malaysian retirement plan for the private and public sectors. Employees Provident Fund (EPF) Act of 1991 made it law. Employees save a portion of their salary for retirement, disability, sickness or unemployment. Employees are required to save a minimum of 11% of their paycheck, with their employers adding a minimum of an additional 12%, as of 2007. At age 50, employees withdraw 30% of their accumulated EPF savings , and at age 55, 100%. The EPF invests these monies widely, and the reinvested dividends pay off the participating employees. |
| 随便看 |
|
法律词典收录了41026条英汉双解法律词条，基本涵盖了常用法律英语单词及短语词组的翻译及用法，是法律学习的有利工具。