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 […]
pension
Early pension payment for government retirees
KUALA LUMPUR, 5 Dec 2008: Government retirees will receive their pension payment early this month in view of the coming Christmas celebration. A Public Service Department (PSD) statement, issued here today, says that those with pension warrants dated 16-31 Dec could cash them from 15 Dec. Retirees who are paid their pension through the bank […]
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 […]
