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KUALA LUMPUR: The School Upgrading and Redevelopment Project was implemented in only 25.6%, or 386 out of 1,505 schools nationwide, which were identified as having dilapidated buildings, according to the Auditor General’s Report 2022.
The private sector's default on provident fund dues with the Employees' Provident Fund Organisation (EPFO) has increased by almost 10% over the last five years, resulting in arrears of over Rs 15,000 crore for the retirement fund body in 2022-23. The majority of these defaults occurred in the first two years of the pandemic.
KUALA LUMPUR: The government has agreed to study the proposal for a phased expansion of social protection coverage to the working-age population of Malaysia reaching 18 years old to ensure old age income security from 2024 onwards.
KUALA LUMPUR: The third Employees' Provident Fund (EPF) account, or “flexible" account, will be implemented in April 2024, said Datuk Seri Ahmad Maslan.
Introducing this default daily limit is part of CPF Board’s efforts to safeguard CPF savings against fraudulent online withdrawals.