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April 20, 2018 Newsletter

South Korea: Amendments to workweek rules, overtime and public holidays

New amendments to South Korea’s Labor Standards Act affect the workweek, parental leave, overtime pay, annual leave and paid public holidays for the private sector.
April 20, 2018 Newsletter

Singapore: Employment Act expected to be extended to most employees in 2019

Singapore’s Ministry of Manpower announced plans to amend the Employment Act so that its core protections cover all employees (with a few limited exceptions).
March 29, 2018 Newsletter

South Korea: Funding requirements for defined benefit pension plans strengthened

The South Korean government announced future increases to the required funded status target for employer-provided defined benefit pension.
January 10, 2018 Newsletter

Malaysia: Unemployment insurance to begin in 2018

Malaysia’s parliament recently approved the Employment Insurance System bill, establishing the country’s first unemployment insurance.
July 17, 2017 Newsletter

China: Tax breaks for private health insurance premiums

Chinese regulatory agencies have jointly issued Circular No. 39 providing for a nationwide tax break for “qualified” commercial health insurance for employees.
March 29, 2017 Newsletter

Hong Kong: Employers/Employees face new risks, costs with MPF Default Investment Strategy launch

Hong Kong’s required Default Investment Strategy, in Mandatory Provident Funds as of April 1, 2017, has significant investment risk/strategy and fund cost impacts.
March 3, 2017 Newsletter

Thailand: Retirement savings impact huge if mandatory provident fund bill finally enacted

Thailand’s cabinet has now approved the introduction of a mandatory provident fund regime starting in 2018, a major step toward enactment.
February 16, 2017 Newsletter

Hong Kong: Proposal eliminates the offset of MPF contributions against long-service/severance payments

A Hong Kong government proposal would eliminate crediting contributions to the Mandatory Provident Fund (MPF) against long-service or severance obligations.
January 18, 2017 Newsletter

Taiwan: Substantial changes to annual leave, holidays, worktime and overtime rules

Amendments to Taiwan’s Labor Standards Act (LSA) pertaining to working time, rest days, public holidays, annual leave and overtime compensation were passed.
September 19, 2016 Newsletter

India: Employer-paid maternity leave likely to increase from 12 to 26 weeks

Proposed amendments to India’s Maternity Benefit Act, expected to be enacted at year-end 2016, would extend maternity leave from 12 to 26 weeks.

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