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    EPF Declares 5.8% Dividend for the Year of 2010

    | Uncategorized | 21 February 2011

    Headline of the Malaysia newspaper today “The Employee Provident Fund (EPF) has declared a 5.8% dividend for the year of 2010”. It is higher dividend rate paid to the EPF members compare to last year at 5.65%. The dividend amount payout for year 2010 is RM 21.61 billion and is the highest payout amount in the history, says EPF chairman Tan Sri Samsudin Osman. It seems like good news to all EPF members, however do bear in mind that it wasn’t the highest dividend rate paid to EPF members.

    Below is the EPF dividend payout from year 1983 to year 2010 for your review.

    EPF members can check their latest dividend payout by today via EPF Kiosks, EPF counters or i-Akaun.

    295 total views, 2 today

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    Part Timer workers in Malaysia will be entitled to EPF and Sosco Contribution

    | Uncategorized | 16 August 2010

    Part time worker will be able to enjoy better benefits such as Employee Provident Fund, Sosco and Medical coverage on pro rate basis. This new regulation takes effective on 1 Oct 2010. Employers must contribute EPF & Socsco as long as the part timer work between 30% and 70% of the number of hours clocked in by regular staff.

    Human Resource Minister Datuk Dr S.Subramaniam said the new regulations which were gazetted recently, were aimed to protect the rights of part time workers in Malaysia. It expected to reduce dependency on the foreign worker and to encourage more Malaysians who were currently not working enter the labour force.

    145 total views, 2 today

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