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In 1982, then the EPF Act 1991 in 1991. The EPF Act 1991 requires employees and their employers to contribute towards their retirement savings, and allows workers to withdraw these savings at retirement or for special purposes before then. As of 31 December 2012, EPF has 13.6 million members, of which 6.4 million are active contributing members.
The Employees' Provident Fund Organisation (EPFO) is one of the two main social security organization under the Government of India's Ministry of Labour and Employment and is responsible for regulation and management of provident funds in India, the other being Employees' State Insurance. The EPFO administers the retirement plan for employees ...
Employees Provident Fund. Employees Provident Fund or Employees' Provident Fund refer to: Employees' Provident Fund Organisation, in India. Employees Provident Fund (Malaysia) Employees Provident Fund Nepal. Employees' Provident Fund (Sri Lanka)
KUALA LUMPUR (Reuters) - Malaysia's Employees Provident Fund (EPF) said it has appointed Alizakri Alias as the pension fund's new chief executive effective on Aug. 20, according to a statement on ...
Bank of America Malaysia Berhad. Bank of China (Malaysia) Berhad. Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad. China Construction Bank (Malaysia) Berhad [2] Citibank Berhad (Sold to UOB Group Malaysia) Deutsche Bank (Malaysia) Berhad. HSBC Bank Malaysia Berhad. India International Bank (Malaysia) Berhad.
Permodalan Nasional Berhad ( PNB) is a Malaysian investment management company headquartered at the Merdeka 118 in Jalan Tun Razak, Kuala Lumpur. One of the largest fund management companies in Malaysia, it was established on 17 March 1978 as one of the instruments of the government's New Economic Policy. [2] [3]
(Updates with background) KUALA LUMPUR, Aug 4 (Reuters) - Malaysia's Employees Provident Fund (EPF) said it has appointed Alizakri Alias as the pension fund's new chief executive effective on Aug ...
Provident fund. Provident fund is another name for pension fund. Its purpose is to provide employees with lump sum payments at the time of exit from their place of employment. This differs from pension funds, which have elements of both lump sum as well as monthly pension payments. As far as differences between gratuity and provident funds are ...