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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 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.
He served as the chief executive officer (CEO) of the Employees Provident Fund (EPF) from March 2021 to his resignation and political appointments in December 2023. [2] He is the eldest son of Azizan Zainul Abidin , the former Chairman, President and CEO of Petronas .
Employees’ Provident Fund* (KWSP/EPF) Inland Revenue Board* (LHDN) Labuan Financial Services Authority* (Labuan FSA) Langkawi Development Authority* (LADA) Malaysian Deposit Insurance Corporation (PIDM) Malaysian Totalisator Board* Public Sector Housing Financing Authority* (LPPSA) Retirement Fund, Incorporated* (KWAP)
Employees Provident Fund or Employees' Provident Fund refer to: Employees' Provident Fund Organisation, in India; Employees Provident Fund (Malaysia)
Provident Fund System or Individual pension account (KWAP/LTAT) Provident Fund System: Voluntary individual accounts: i-Saraan voluntary Provident Fund System Mexico: Social assistance: Mandatory individual accounts: N/A: N/A Monaco: No: Social insurance system: No: N/A Mongolia: Social assistance: Notional Defined Contributions: N/A: N/A ...
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The Board administers a contributory provident fund, pension scheme and an insurance scheme for the workforce engaged in the organised sector in India. [9] The board is chaired by the Union Labour Minister of India. Presently, the following three schemes are in operation under the Act: Employees' Provident Fund Scheme, 1952