Kula: 30% contribution by employers to HRDF to stop from Nov 15

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KUALA LUMPUR: The 30% contribution by employers to the Human Resources Development Fund (HRDF) will be discontinued effective Nov 15, says M. Kulasegaran.

The Human Resources Minister said that the final contribution was for the month of October 2018, and that the balance of funds would go towards human capital initiatives to be announced to employees later.

Regarding the alleged misappropriation of RM300mil from the fund, he said millions of ringgit were used to buy property without authorisation from the HRDF board, and that was just some of the wrongdoings.

Kulasegaran, who initiated a five-member independent Governance Oversight Committee to review and probe the allegations, said that there were elements of fraud in the use of the fund in the name of training.

”High salaries and bonuses were paid to selective management staff without the approval of the HRDF board,” he said in his speech prior to a townhall meeting with representatives of employer associations and HRDF registered employers here Saturday (Nov 10).

 

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