Berita Harian on 6th Jan 2009 reported that only about 22% or 1.23 millions out of 5.64 millions active EPF members opted to maintain their contribution rate at 11%. The rest 4.41 millions members opted to reduce their contribution to 8%.
Most of the applications to maintain their contribution rate at 11% come from 3 states, namely Selangor, Kuala Lumpur and Johor. Out of 1.23 millions members who opted to maintain at 11%, about 56% come from Selangor, 28% from Kuala Lumpur and 14% from Johor.
Throughout the whole year, EPF believe there will be more applications coming in to chose to maintain their contribution rate at 11%. For those who wish to maintain their contribution rate at 11%, they will need to fill in Form KWSP 17A(AHL)-KHAS.
Personally, it's great to know that at least 22 out of 100 Malaysians care for their retirement fund. Let's keep building our retirement fund!
P/S: You may read the complete news here.