The report provides in-depth industry analysis, information and insights into employee benefits in Malaysia, including:
- An overview of state and compulsory benefits in Malaysia
- Detailed information about private benefits in Malaysia
- Insights into various central institutions responsible for the administration of the different branches of social security
- The regulatory framework of employee benefits in Malaysia
This report provides a detailed analysis of employee benefits in Malaysia:
- It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits.
- It covers an exhaustive list of employee benefits, including retirement benefits , death in service benefits, long-term disability benefits, medical benefits, workmen’s compensation, maternity benefits, public holidays and private benefits.
- It highlights the economic and regulatory situations relating to employee benefits in Malaysia.
Reasons To Buy:
- Make strategic decisions using in-depth information related to employee benefits in Malaysia.
- Assess Malaysia’s employee benefits market, including state and compulsory benefits and private benefits.
- Gain insights into the key employee benefit schemes offered by private employers in Malaysia.
- Gain insights into key organizations governing Malaysia’s employee benefits, and their impact on companies .
- The EPF is managed by a tripartite governing board and responsible for the administration of contributions and benefits under the provident fund system. It is also responsible for investing funds contributed by member employees.
- Under the provident fund system for retirement, death, disability and medical benefits, employees below the normal retirement age should contribute 11% of their monthly earnings, and employees aged between the normal retirement age and 75 years should contribute 5.5% of monthly earnings. Under the social insurance system for death and disability benefits, a contribution of 0.5% of monthly earnings should be made by employees.
- Under the social insurance system for death and disability benefits, a contribution of 0.5% of monthly earnings should be made by employees.
2 Introduction2.1 What is this Report About?
3 Country Statistics
4 Overview of Employee Benefits in Malaysia
6 State and Compulsory Benefits
6.1 Retirement Benefits
6.1.2 Types of retirement plan
6.1.5 Pensionable salary
6.1.7 Payment options
6.1.8 Typical employer practice
6.1.9 Employee and employer contributions
6.2 Death in Service
6.2.4 Payment options
6.2.5 Typical employer practice
6.2.6 Employee and employer contributions
6.3 Long-Term Disability Benefits
6.3.4 Payment options
6.3.5 Employee and employer contributions
6.4 Medical Benefits
6.4.4 Typical employer practice
6.4.5 Employee and employer contributions
6.5 Workmen’s Compensation
6.5.4 Payment options
6.5.5 Employee and employer contributions
6.6 Maternity Benefits
6.6.4 Payment option
6.6.5 Typical employer practice
6.7 Public Holidays
6.7.1 Public holidays
6.7.2 Observance holidays
7 Private Benefits
7.1 Retirement Benefits
7.2 Death and Disability Benefits
7.3 Medical Benefits
7.4 Other Benefits
8 Macroeconomic Indicators
8.1 Economic Performance
8.1.1 GDP at constant prices (US$)
8.1.2 GDP per capita at constant prices (US$)
8.1.3 GDP at current prices (US$)
8.1.4 GDP per capita at current prices (US$)
8.1.5 GDP by key sector
8.1.6 Inflation rate
8.1.7 Annual average exchange rate US$-MYR
8.1.8 Unemployment rate
8.1.9 Household consumption expenditure
8.1.10 Gross national disposable income
8.2.1 Total population
8.2.2 Labor force
8.2.3 Urban and rural populations
List of Tables
Table 1: Definitions
Table 2: Malaysia - Country Statistics, 2013-2014
Table 3: Malaysia - Public Holidays
Table 4: Malaysia - Observance Holidays
List of Figures
Figure 1: Main Institutions of the Malaysian Social Security System
Figure 2: Malaysian GDP at Constant Prices (US$ Billion), 2008-2012
Figure 3: Malaysian GDP Per Capita at Constant Prices (US$), 2008-2012
Figure 4: Malaysian GDP at Current Prices (US$ Billion) 2008-2012
Figure 5: Malaysian GDP Per Capita at Current Prices (US$), 2008-2012
Figure 6: Malaysian GDP by Key Sector (%), 2008-2012
Figure 7: Malaysian Inflation Rate (%), 2007-2013
Figure 8: Malaysian Annual Average Exchange Rate US$-EUR, 2008-2012
Figure 9: Malaysian Unemployment Rate (%), 2008-2012
Figure 10: Malaysian Household Consumption Expenditure (US$ Billion), 2008-2012
Figure 11: Malaysian Gross National Disposable Income (US$ Billion), 2008-2012
Figure 12: Malaysian Total Population (Million), 2008-2012
Figure 13: Malaysian Size of Labor Force (Million), 2008-2012
Figure 14: Malaysian Urban and Rural Populations (%), 2008-2012