The Employees Provident Fund (EPF) recently declared a dividend rate of 5.35% for Conventional Savings and 4.75% for Syariah Savings for the year 2022, with a total payout amounting to RM51.14bil.1
SHAH ALAM: The Employees Provident Fund (EPF) withdrawals, amounting to RM145.5bil since 2020, are larger than the individual gross domestic product (GDP) of some 100 countries, says Datuk Seri Amir Hamzah Azizan.
SHAH ALAM: About 81% of active Employees Provident Fund members in the formal sector are earning a monthly salary of RM5,000 or less and this, the EPF says, is a reason for the inadequate retirement savings.
THE Employees Provident Fund (EPF) Board announced a dividend rate of 5.35% for conventional savings with a total payout of RM45.44bil, and 4.75% for syariah savings with a total payout of RM5.7bil – bringing the total payout amount for 2022 to RM51.14bil.
SHAH ALAM: The Employees Provident Fund (EPF) has declared a dividend rate of 5.35% for Conventional Savings for 2022, with a total payout amounting to RM45.44bil as well as a 4.75% for Syariah Savings, with a payout amounting to RM5.7bil.
A MESSAGE is being circulated via WhatsApp claiming that the Employees Provident Fund (EPF) has declared a 6.15% dividend for conventional savings and a 5.65% dividend for shariah savings for 2021, adding that this is higher than the dividends declared in 2019. Are the claims in this message true?
KUALA LUMPUR: The Employees Provident Fund (EPF) has declared a dividend rate of 6.1% for Conventional Savings 2021, with payout amounting to RM50.5bil and 5.65% for Syariah Savings 2021 with a payout amounting to RM6.3bil.
PETALING JAYA: Given the devastating effect the Covid-19 pandemic has had on the economy, economists and Malaysians have welcomed the Employees Provident Fund’s dividend payout for 2020. EPF had declared dividends of 5.20% for Conventional Savings and 4.9% for Syariah Savings for 2020, with a total dividend payout of RM47.64bil.
Sunway University Business School economics professor Dr Yeah Kim Leng said given the downturn of the economy in 2019, the financial performance of companies or funds typically would be affected.
However, Yeah said contrary to expectations, EPF managed to sustain its performance close to its 2019 levels, adding that its performance in 2019 should not be compared to its performance in 2020 due to the economic recession that the Malaysian economy had encountered.
Overcoming obstacles:
EPF declared a 5.2% dividend for Conventional Savings and 4.9% dividend for Syariah Savings for pandemic-hit 2020.
PETALING JAYA: Despite the Covid-19 pandemic, the Employees Provident Fund (EPF) says it has delivered a solid performance in 2020 for both its operational and financial results with a total dividend payout of RM47.64bil.
The pension fund declared a dividend of 5.20% for Conventional Savings and 4.9% for Syariah Savings for 2020.
It said the payout amounted to RM42.88bil and RM4.76bil respectively for both savings.
Last year, EPF declared dividends of 5.45% for Conventional Savings 2019 and 5% for Syariah Savings 2019.
In the past 10 years, EPF’s dividend payout for Conventional Savings was at 5.8% in 2010 followed by 6% (2011), 6.15% (2012), 6.35% (2013), 6.75% (2014), 6.4% (2015), 5.7% (2016), 6.9% (2017), and 6.15% (2018).