 | EPF looking into restructuring its members’ account and more The Employees Provident Fund (EPF) is looking into restructuring the account of its members to introduce a new mechanism for saving and withdrawal, and to align the withdrawal age of its members with their minimum retirement age.The Edge Malaysia
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Monday, 9 October 2023 |
 | EPF: Employees can contribute over 11 per cent – MEF Malaysian Employers Federation (MEF) president Datuk Dr Syed Hussain Syed Husman said that this would enable them to reach a basic savings target of at least RM35,000 at the age of 30.Sinar Harian
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Thursday, 31 August 2023 |
| | MEF and economist split over proposal to raise employers’ EPF contribution to 20% Syed Hussain was giving his views on recent comments by Prime Minister Datuk Seri Anwar Ibrahim that the Cabinet will discuss the proposal from Uni Malaysia Labour Centre (Uni-MLC) to increase employers’ EPF contribution to 20% from the current 13% for those earning RM4,000 and below.The Sun
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Wednesday, 3 May 2023 |
 | MEF supports the position of EPF that the retirement fund has sufficient liquidity to meet all its obligations MEF President Datuk Dr Syed Hussain Syed Husman, PJN, JP, said that even though the four special Covid 19 pandemic-related withdrawals have resulted in significant reductions in the amount of retirement savings for the members involved, the EPF still remained financially strong and even declared a dividend rate of 5.35% for Conventional Savings and 4.75% for Syariah Savings for the year 2022, with a total payout amounting to RM51.14bil. Press Release
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Thursday, 13 April 2023 |
| | MEF seru dasar pengeluaran KWSP disemak semula Persekutuan Majikan-Majikan Malaysia (MEF) menyeru agar dasar pengeluaran Kumpulan Wang Simpanan Pekerja (KWSP) dikaji semula, dengan mengambil kira umur persaraan minimum semasa Malaysia iaitu 60 tahun.Harian Metro
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Thursday, 13 April 2023 |
| | MEF against any EPF withdrawals before retirement age “Since the retirement age was raised from 55 to 60 years in 2013, it is no longer relevant for EPF to allow members to withdraw their EPF savings upon reaching 55 years,” said MEF president Syed Hussain Syed Husman.Focus Malaysia
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Saturday, 25 February 2023 |
| | MEF appreciates the concerns and efforts of YAB Dato’ Seri Anwar to find lternative means to assist the rakyat instead of resorting to further EPF withdrawals MEF President, Datuk Dr. Syed Hussain Syed Husman P.J.N., J.P. stated that “MEF thanks the Prime Minister YAB Dato’ Seri Anwar for his concerns on retirees. We as employers have agreed that EPF contribution is meant for old age saving to be used for retirement and employers hope that there will be adequate EPF saving for the employees to use upon retirement.Press Release
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Friday, 24 February 2023 |
| | Persatuan majikan tolak semua jenis pengeluaran KWSP sebelum umur 60 tahun Persekutuan Majikan-Majikan Malaysia (MEF) mencadangkan kerajaan menghapuskan syarat semasa yang membenarkan pencarum mengeluarkan satu pertiga daripada jumlah simpanan apabila mencapai umur 50 tahun, dan pengeluaran lengkap apabila berusia 55 tahun.Malaysian Now
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Friday, 24 February 2023 |
| | Tidak perlu pengeluaran KWSP, fokus subsidi - MEF Tiada keperluan mengeluarkan Kumpulan Wang Simpanan Pekerja (KWSP) ketika ini kerana ia bukan wang untuk dibelanjakan sewaktu keadaan mendesak sebaliknya ia simpanan masa tua, kata Pengarah Eksekutif Persekutuan Majikan-Majikan Malaysia (MEF), Datuk Shamsuddin Bardan.Astro Awani
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Wednesday, 15 February 2023 |
| | MEF fully supports YAB Dato’ Seri Anwar’s decision of Not Allowing futher EPF withdrawals MEF President, Datuk Dr. Syed Hussain Syed Husman P.J.N., J.P. stated that “MEF is very concerned that the recent withdrawals from the savings of EPF contributors through i-Lestari, i-Sinar and i-Citra special withdrawal schemes with a total withdrawal of RM101.1 billion exposed the EPF members to risks of falling into old-age poverty.Press Release
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Friday, 10 February 2023 |