Pros and cons of raising employers’ EPF contribution
BY LILIANA SHERYN KUCHING: The proposal to raise the employers’ Employees Provident Fund (EPF) contribution, which will be brought to the Cabinet for discussion, has garnered public attention and mixed opinion on the matter. Prime Minister Datuk Seri Anwar Ibrahim had announced the forthcoming deliberation in response to demands from various unions aimed to bolster […]
EPF refutes allegation of cash crunch crisis
KUALA LUMPUR: The Employees Provident Fund (EPF) has refuted speculations of a cash crunch crisis building up in the retirement funds as well as the amendment of EPF Act 1991 to prevent retirees from withdrawing their savings. In a statement, the retirement savings fund said it has always maintained sufficient liquidity to meet all of […]
Woman bags RM16.8 mln jackpot
KUCHING: A lucky winner from Johor won the RM16.8 million Toto 4D Jackpot 1 on Sept 23 as her retirement gift. The 59-year-old sales manager said she was still in disbelief that she won a large “pension” amounting to RM16.8 million a year before her retirement. “The year 2020 is not too bad for me […]
