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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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Employees Provident Fund or Employees' Provident Fund refer to: Employees' Provident Fund Organisation, in India; Employees Provident Fund (Malaysia)
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.
Yang Berbahagia Tan Sri Dato' Sri Ahmad Badri bin Mohd Zahir (born 1958) is the former Secretary-General of the Treasury of Malaysia. [1] [2] As secretary-general, Ahmad Badri also serves as Chairman of the Inland Revenue Board of Malaysia (LHDN), Retirement Fund (Incorporated) (KWAP) and the Public Sector Home Financing Board (LPPSA).
Coal Mines Provident Fund Organisation (CMPF) is an agency of the Indian government established in 1948 under The Coal Mines Provident Fund and Miscellaneous Provisions Act 1948. [1] It serves as the official pension fund of coal miners and is financed by coal producers on a per-tonne basis. [ 2 ]
The Mini UTC Sentul is located at Kompleks Perniagaan dan Komuniti, Bandar Baru Sentul, Kuala Lumpur. It is the first mini UTC built in the country, with the cost of RM 7.7 million. The centre was officiated by Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor on 16 March 2013. [26]