Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
kwsp dividend 2016

Berapa dividen kwsp untuk 2016

The Workers' Allowance Fund (Malawi: Kumpulan Wang Simpanan Pekerja) commonly known by the acronym EPF (Malay: KWSP) is a federal statutory body under the purview of the Ministry of Finance. Manages compulsory savings plan and retirement planning for private sector workers in Malaysia. EPF membership is compulsory for Malaysian citizens employed in the private sector and voluntary for non-Malaysian citizens.

Malaysia's EPF was established in 1951 under the Employee Pension Fund Ordinance of 1951 under the National Postmaster. This law became the EPF Act of 1951 in 1982, then the EPF Act of 1991 in 1991. The EPF Act of 1991 requires that employees and their employers contribute to their retirement savings and allow workers Withdraw these savings when retiring or for special purposes before. As of December 31, 2012, EPF has 13.6 million members, of which 6.4 million are active contributing members. At the same time, EPF had 502,863 contributing employers.

The EPF is intended to help private sector employees save a fraction of their wages in a lifetime banking system, which will be used primarily as a retirement fund, but also in the event that the employee is temporarily or already Not fit to work. The EPF also provides a framework for employers to fulfill legal and moral obligations to their employees.

As of March 31, 2014, the size of the EPF's assets amounted to RM597 million. (US $ 184 billion), making it the fourth largest pension fund in Asia and the seventh largest in the world.

As of 2012, the EPF works by requiring a contribution of at least 11% of the monthly salary of each member and storing it in a savings account, while the member's employer is obliged to finance at least 12% % If the wage is less than RM5,000).

While in savings, a member's EPF savings can be used as investments for companies considered profitable and allowed by the organization, from which dividends are deposited in the accounts of the respective members. Alternatively, members may use their EPF savings on their own investments, although such activities are not covered by the EPF and members must bear any loss made.

Important Note..!

If you are not satisfied with above reply ,..Please


So that we will collect data for you and will made reply to the request....OR try below "QUICK REPLY" box to add a reply to this page
Popular Searches: fl lottery results and dividend valuation link,

Quick Reply
Type your reply to this message here.

Image Verification
Please enter the text contained within the image into the text box below it. This process is used to prevent automated spam bots.
Image Verification
(case insensitive)

Possibly Related Threads...
Thread Author Replies Views Last Post
  UP BTC 2016-2016 Merit List, UP BTC 2016-2016 Cut Off Marks up btc 20162016 merit list up btc 20162016 1 147 12-15-2015, 11:15 PM
Last Post: Guest

Forum Jump:

Users browsing this thread: 1 Guest(s)