KUALA LUMPUR, 23 April 2020 – The Employees Provident Fund (EPF) announced the launch of the Employer COVID-19 Assistance Programme (e-CAP) to support small and medium enterprises (SMEs) affected by the COVID-19 global pandemic.
e-CAP allows eligible SMEs flexibility to choose to apply for a deferment and restructuring of the employer’s share of EPF contributions for the months of April, May and / or June 2020. The deferred contribution for the respective month of choice can then be settled over a maximum period of three months.
The e-CAP measure complements other COVID-19-related initiatives that have been announced by the EPF to support members, preserve livelihoods and assist businesses, including the reduction of the employee’s share of contributions from eleven (11) percent to seven (7) percent, the i-Lestari Withdrawal facility for members to withdraw savings from Account 2 and the extension of the April 2020 employer’s contribution deadline to the end of the month.
Visit EPF’s website to know more about the e-CAP measure.