Article Related To EPF

EPF says the decision reflects a separate, long-term strategic plan aimed at achieving sustainable growth and returns.

Deputy Finance Minister Lim Hui Ying says contributors can increase their savings through voluntary contributions.

Malaysia's proposal to extend EPF contributions to migrant workers is being hailed as a strategic move to align with global labour practices

To mark International Migrants Day on the 18th of December, today we reflect on the millions of workers who have left their homes and families to cross borders in search of better opportunities. In Budget 2025 the Malaysian government unveiled a bold proposal to extend mandatory EPF contributions to non-citizen workers. The move is seen as a step forward in improving worker welfare and aligning Malaysia closer to international labour standards. But for business owners, the measure raises red flags about increased costs and potential economic impacts. On this episode of #ConsiderThis Melisa Idris speaks with Professor Niaz Asadullah, Southeast Asia Lead of the Global Labour Organisation.

EPF's CEO says the RIAs recommended savings levels are from a single-tier savings benchmark to a three-tier savings framework.

Healthcare insurance premiums, meant as safety nets for access and financial relief, are now becoming increasingly inaccessible.

The plan allows EPF members to withdraw funds from their Akaun Sejahtera to purchase life insurance and critical illness coverage under.

The victim realises she has been deceived when she cannot withdraw the promised returns and is instead asked to pay an extra withdrawal tax.

The proposed legislation will be tabled by the Human Resources Ministry (KESUMA) in the current session of the Dewan Rakyat.

The current Dewan Rakyat session will sit for 35 days, concluding on Dec 12.

Any decision will probably be announced when PM winds up the debate on the budget for the Ministry of Finance later, says Fahmi Fadzil.

The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).

Ahead of the tabling of #Belanjawan2025, how well have the social security measures from #Belanjawan2024 protected Malaysians from economic vulnerability? Have they truly delivered, or is there a need for more targeted reforms? Tonight on #ConsiderThis, Melisa Idris speaks with Professor Datuk Norma Mansor, Director of Universiti Malaya’s Social Wellbeing Research Centre, and Balqais Yusoff, Head of the Policy and Strategy Department at EPF.

In a statement, EPF said will continue to enforce and monitor compliance to ensure that all outstanding amounts are paid in full.

Tan Sri Mohd Zuki Ali will be taking over from Tan Sri Ahmad Badri Mohd Zahir, who has held the post since May 1, 2020, EPF said.

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This leaves the incoming Donald Trump administration to make the decision, according to a White House official.

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