Saturday, October 8, 2011

Budget 2012 in Educational Sector

  • Parents will no longer have to pay school fees for their children in primary and secondary education. No more fees for co-curriculum, internal test papers, Malaysian Schools Sports Council fees and insurance premium
  • One-off RM200 cash voucher for all school pupils and higher learning institution students.
  • RM1 billion allocation through a special fund for the construction, improvement and maintenance of schools in need of upgrades. RM500 million would be allocated to national schools while national-type Chinese and Tamil schools, government-assisted religious schools, mission schools and Mara junior science colleges will receive RM100 million each.
  • Tax exemption on contributions to educational institutions.
  • Private schools registered with the Education Ministry will be given incentives including an Investment Tax Allowance
How about teacher.....?
  • Another half month bonus will be paid on December.
  • Civil service salary hikes of between seven and 13 per cent.
  • Increase in the rate of automatic annual increments in civil service salaries of between RM80 and RM320.
  • Pensioner teacher will get 2% increment annually.
  • Teacher who opt for EPF will get 1% contribution from employer for earning RM 5000 and below.
  • Retirement of teacher extend to 60 years old from 58.
  • Teacher will be offered tuition fee assistance for part-time studies.

1 comment:

Higher Education Positions said...

Hello Friends,

The education sector includes establishments that manage schools and other educational establishments on a contractual basis are classified in this sub-sector if they both manage the operation and provide the operating staff. Thanks a lot for sharing with us...