EPF

Recently there was a government circular out mentioning that everyone who contributes to the Employees Provident Fund (EPF) has a choice to reduce their individual contribution by 3% ie. from 11% to 8%.

For those who chose to maintain their contribution at 11%, they are required to fill in a form to declare their status quo. For those who wish to contribute 8%, they do not have to do anything.

I had prepared the forms to be signed by each employee without asking their preference because I thought everyone would want to remain at their status quo. Most people would prefer to contribute more actually and not less. But two people did not sign and so I had to prepare the forms all over again.

This has thought me not to presume anything. Everyone is different and each has the right to make their own choice eventhough I may not agree with it.