EPF Contribution for 60 years and above

Hi,

In HR.MY, how do I select half of the statutory contribution rates for both employees and employers?

Thanks

The EPF contribution for 60 and above is 6.5% & 5.5%, but there is no option for that!

Copied from KWSP web site.

Contribution Rate
The EPF's new contribution rate in line with the minimum retirement aged of 60 years will be effective from August 2013 salary/wage (September 2013 contribution).

The two categories of employees that will be affected with the new change are as follows:

a. Employees aged less than 60 years
Cumulative statutory contribution rate of 24% (13% employer's share and 11% employee's share) for employees earning a monthly salary / wage of RM5,000.00 and below and cumulative statutory contribution rate of 23% (12% employer's share and 11% employee's share) for employees earning a monthly salary / wage above RM5,000.00

For both wage categories (a) and (b) above, coverage has been extended from age 55 to 60 years; subject to the salary/wage in Part A, Third Schedule, EPF Act 1991.

b. Employees aged 60 years and above, up to 75 years
Cumulative contribution rate for those aged between 60-75 years, is half (50%) of the statutory contribution rates for both employees and employers stipulated above; subject to the salary / wage in Part C, Third Schedule, EPF Act 1991.