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Menara KWSP, Kwasa Damansara, 40150, Shah Alam, Selangor. Malaysia. 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.
Retirement Fund (Incorporated) (Malay: Kumpulan Wang Persaraan (Diperbadankan); KWAP) is a statutory body which manages the pension scheme for Malaysia's public employees. KWAP is the investment manager of the Retirement Fund, which is applied towards financing the government's pension liability, and is responsible for the administration and ...
In Malaysia, The Employees Provident Fund (EPF) was established in 1951 upon the Employees Provident Fund Ordinance 1951. The EPF is intended to help employees from the private sector save a fraction of their salary in a lifetime banking scheme, to be used primarily as a retirement fund but also in the event that the employee is temporarily or ...
Provident fund is another name for pension fund. Its purpose is to provide employees with lump sum payments at the time of exit from their place of employment. This differs from pension funds, which have elements of both lump sum as well as monthly pension payments. As far as differences between gratuity and provident funds are concerned ...
A pension fund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides retirement income. Pension funds typically have large amounts of money to invest and are the major investors in listed and private companies. They are especially important to the stock market where large institutional investors ...
The Employees' Social Security Act 1969 (Malay: Akta Keselamatan Sosial Pekerja 1969), is a Malaysian laws which enacted to provide social security in certain contingencies and to make provision for certain other matters in relation to it. The law is enforced by the Social Security Organization or PERKESO.
Laws of Malaysia - Numerical Table of Laws; Official Portal of e-Federal Gazette. List of Post-2011 Principal Acts; List of Post-2011 Amending Acts; List of Post-2011 P.U. (A) List of Post-2011 P.U. (B) Attorney General of Malaysia: Laws of Malaysia - Alphabetical Table of Laws (up to Act 655)
2nd Parliament of Malaysia (Total: 12) Revision of Laws Act 1968 [Act 1] Ministerial Functions Act 1969 [Act 2] Civil Aviation Act 1969 [Act 3] Employees' Social Security Act 1969 [Act 4] Election Offences Act 1954 [Act 5] Finance Companies Act 1969 [Act 6] ( Repealed by the Banking and Financial Institutions Act 1989 [Act 372] )