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PETALING JAYA: Workers in the informal sectors who have been voluntarily contributing to i-Saraan will receive a matching incentive of 15% of the voluntary contribution, says the Employees Provident Fund (EPF).
WE live in a time when financial security is paramount, exemplified in the last few years during and post-pandemic.
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Equities asset remains top contributor at 59% of total revenue.
Total dividend payment for 2022 amounted to RM51.14 billion.
The Employees Provident Fund (EPF) had in 2021 recorded its first negative net contribution in 20 years at RM58.2 billion as members withdrew funds from their EPF accounts to cushion the impact of Covid-19 pandemic movement restrictions which began in early 2020, according to the EPF's chief executive officer Datuk Seri Amir Hamzah Azizan. "As (Covid-19-driven) lockdowns continued to spill over into 2021, multiple small businesses were severely impacted, with many having to cease operations, thus causing widespread job losses. As an immediate effort to sustain the livelihood of our m...