Page 134 - Malaysia Baharu 2018

MALAYSIAN ECONOMY STRATEGY 5 :
Improving Employment And Employability

The Human Resource Development Fund (HRDF) will launch two
programmes – “Apprenticeship” and “Graduate Enhancement Programme
for Employability” (GENERATE) (RM20 million).

~ To provide skills to school-leavers.
~ To increase the marketability of graduates from the institutions of higher-learning
~ To benefit at least 4,000 youths.

The Government proposes that the employer portion of EPF contributions be
cut to 4% from the current 6% for employer who hire retirees aged 60 to 65.

~ Proposes to provide additional tax deduction to employers who employ this group

of up to a monthly salary of RM4,000.

~ This provides an incentive for employers to hire or retain retirees, particularly

B40.

~ To employ ex-convicts.

The Government will provide a one-off (RM500) assistance to qualified
Government pensioners.

~ To Government pensioners who are receiving pensions of less than RM1,000

per month.

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