EPF’s highlights in 2019
Employees’ Provident Fund logo is seen at its headquarters in Kuala Lumpur September 5, 2019. — Reuters pic
In a statement today, the pension fund said in the first quarter , it lowered the minimum statutory rate contribution by employers for employees aged 60 and above to four per cent from six per cent monthly, while such employees would no longer have to contribute the usual share of 5.5 per cent. In the second quarter, it signed the United Nations-supported Principles for Responsible Investment to implement best practices in investing as well as environment, social and governance while protecting members’ interests in the long term.
Also in Q3, the fund launched i-Invest to provide more investment options for members. To this end, EPF members could invest a portion of their Account 1 savings in unit trust funds offered by EPF-approved fund management institutions.
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