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Employees' Provident Fund (EPF; Malay: Kumpulan Wang Simpanan Pekerja, KWSP) is a federal statutory body under the purview of the Ministry of Finance. It manages the compulsory savings plan and retirement planning for private sector workers in Malaysia .
The Office is not part of any justice portfolio or the Judiciary, however, as the cabinet has its own Ministry of Law and Human Rights (Kementerian Hukum dan Hak Asasi Manusia) with a separate Minister of Law and Human Rights (Menteri Hukum dan Hak Asasi Manusia) that focuses on more technical matters and regulatory role making rather than ...
In 2001–2004, this ministry was known as the Department of Law and Legislation (Departemen Hukum dan Perundang-undangan). From 2004–2009, this ministry was known as the Department of Law and Human Rights (Departemen Hukum dan Hak Asasi Manusia).
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.