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Download QR code; Print/export ... Download as PDF; Printable version; In other projects ... Employees Provident Fund or Employees' Provident Fund refer to: Employees ...
Legally, the EPF is only obligated to provide 2.5% dividends (as per Section 27 of the Employees Provident Fund Act 1991). [7] The EPF claims that the lowered dividend is the result of its decision to invest in low-risk fixed revenue instruments, which produce lower returns but maintains the principal value of its members' contributions.
The fund receives contributions from the Federal Government of Malaysia, statutory bodies and local authorities. [1] The contributions are invested by the fund in a mix of equities, bonds, property, private equity and infrastructure, with the investment returns used to finance the government's pension liabilities.
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The EPFO's top decision-making body is the Central Board of Trustees (CBT), [2] [3] a statutory body established by the Employees' Provident Fund and Miscellaneous Provisions (EPF&MP) Act, 1952. [4] As of 2021, more than ₹ 15.6 lakh crore (US$209 billion) are under EPFO management.
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Amir was born in Penang and moved to Kuala Lumpur at an early age with his other two siblings, one of them Ikhwan Azizan worked under his previous role at Petronas. Amir holds a Bachelor of Science degree in management (Finance and Economics) from Syracuse University, New York.
Penang Free School (PFS), located at Green Lane in George Town, Penang, Malaysia, is the oldest English-medium school in Southeast Asia. [ 1 ] [ 3 ] Founded in 1816, its academic achievements lead to its inclusion in the Malaysian Ministry of Education 's Cluster School and High Performance School systems.