Blame it on the economy or poor neglicience? About one hundred and ninety-three employers were slapped with fines totaling RM278,970 by the courts for failing to remit the Employees Provident Fund (EPF) contributions of their employees during the third-quarter of this year.
According to Bernama report, during the same period, 1,913 criminal cases were filed by the EPF against errant employers for defaulting on their employees' contributions.
The EPF had also submitted the names of 234 errant company directors to the immigration department to prevent them from leaving the country without first settling their arrears, said the fund's general manager of public relations Nik Affendi Jaafar, in a statement.
"The rate of defaulting employers during this quarter has registered a drop of 1.73 per cent as compared to 1.81 per cent in the previous quarter," he said.
The report also quoted him as saying that the drop showed that more employers were aware of their role in their employees' retirement well-being.
Nevertheless, Nik Affendi said, members should check their statements to ensure the correct and timely remittance of their contributions. Point taken by all employers, we hope.