FOR the week of 9 to 15 March 2009, the Chinese media highlighted Datuk Seri Mohd Ali Rustam being barred from the Umno party polls; trouble brewing within the Chinese education movement in the run-up to its annual general assembly; and the EPF declaring a 4.5% dividend for 2008. Ali RustamTurmoil within Umno was spotlighted in […]
EPF
31 Jan deadline for EPF scheme civil servants
KUALA LUMPUR, 20 Jan 2009: Civil servants contributing to the Employees Provident Fund (EPF) but who are now eligible to opt for the Public Service Department’s (PSD) pension scheme have until 31 Jan to notify the department of their preferred option. Any civil servant not notifying the PSD via the option form provided before the […]
EPF conversion to pension not viable
KUALA LUMPUR, 19 Jan 2009: The proposal to convert the Employees Provident Fund (EPF) scheme to a monthly pension scheme for private sector employees is not viable as individual savings are too small. Malaysian Trades Union Congress (MTUC) secretary-general G Rajasegaran said that on average, savings of the majority of the seven million private sector […]
Forms to maintain 11% EPF contribution available now
KUALA LUMPUR, 1 Dec 2008: Employees Provident Fund (EPF) members who wish to maintain their monthly contribution rate at 11% can obtain the forms from all EPF branches or download it from the myEPF website at www.kwsp.gov.my beginning today. Fully completed form KWSP 17A (AHL) Khas can be submitted to the respective employers for onward […]
Pension scheme for private sector workers in the pipeline
KUALA LUMPUR, 21 Nov 2008: The Human Resource Ministry will initiate talks with the Employees Provident Fund (EPF) to look into the proposal for the setting-up of a pension scheme for nearly 10 million private sector employees in the country. Its minister, Datuk Dr S Subramaniam said the ministry was ready for discussions with the […]
Govt to guarantee EPF’s RM5 billion loan to Valuecap
By Deborah LohKUALA LUMPUR, 4 NOV 2008: The government will guarantee the RM5 billion loan from the Employees’ Provident Fund to state investment company Valuecap Sdn Bhd. Deputy Prime Minister Datuk Seri Najib Razak defended the loan and rebuffed speculation that the loan would only prop up government-linked companies (GLCs) on the stock market. “Valuecap has the […]
Govt suggests 3% cut on employee’s EPF contribution
KUALA LUMPUR, 4 Nov 2008: In a move to put more disposable income in workers’ pockets, the government will allow workers to reduce their Employees Provident Fund (EPF) contribution by three percent for two years beginning 1 Jan 1 2009. Currently, employers contribute 12% to EPF while the employees contribute 11% of their salary to […]
