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    Retirement Plans IN Malaysia: Employees Provide NT Fund (EPF)

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    Keerthana Segaran
    Malaysia has several retirement savings plans including: 1) The Employees Provident Fund (EPF) which is a mandatory savings scheme with contributions from employers and employees that can be withdrawn at age 55 or under specific conditions to support retirement, disability, and home purchase. 2) The Private Retirement Scheme (PRS) which is a voluntary long-term savings and investment scheme managed by licensed providers that offers various investment options to suit risk preferences and aims to supplement EPF savings for retirement. 3) The Social Security Organization (SOCSO) which provides social security for employees in cases of workplace accidents, diseases, and disability but is not a specific retirement plan though it offers financial assistance.

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    Retirement Plans IN Malaysia: Employees Provide NT Fund (EPF)

    Uploaded by

    Keerthana Segaran
    3 views2 pages
    Malaysia has several retirement savings plans including: 1) The Employees Provident Fund (EPF) which is a mandatory savings scheme with contributions from employers and employees that can be withdrawn at age 55 or under specific conditions to support retirement, disability, and home purchase. 2) The Private Retirement Scheme (PRS) which is a voluntary long-term savings and investment scheme managed by licensed providers that offers various investment options to suit risk preferences and aims to supplement EPF savings for retirement. 3) The Social Security Organization (SOCSO) which provides social security for employees in cases of workplace accidents, diseases, and disability but is not a specific retirement plan though it offers financial assistance.

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    Malaysia has several retirement savings plans including: 1) The Employees Provident Fund (EPF) which is a mandatory savings scheme with contributions from employers and employees that can be withdrawn at age 55 or under specific conditions to support retirement, disability, and home purchase. 2) The Private Retirement Scheme (PRS) which is a voluntary long-term savings and investment scheme managed by licensed providers that offers various investment options to suit risk preferences and aims to supplement EPF savings for retirement. 3) The Social Security Organization (SOCSO) which provides social security for employees in cases of workplace accidents, diseases, and disability but is not a specific retirement plan though it offers financial assistance.

    Copyright:

    © All Rights Reserved
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    3 views2 pages

    Retirement Plans IN Malaysia: Employees Provide NT Fund (EPF)

    Uploaded by

    Keerthana Segaran
    Malaysia has several retirement savings plans including: 1) The Employees Provident Fund (EPF) which is a mandatory savings scheme with contributions from employers and employees that can be withdrawn at age 55 or under specific conditions to support retirement, disability, and home purchase. 2) The Private Retirement Scheme (PRS) which is a voluntary long-term savings and investment scheme managed by licensed providers that offers various investment options to suit risk preferences and aims to supplement EPF savings for retirement. 3) The Social Security Organization (SOCSO) which provides social security for employees in cases of workplace accidents, diseases, and disability but is not a specific retirement plan though it offers financial assistance.

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    © All Rights Reserved
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    of 2

    vings scheme.

    Mandatory retirement sa
    employers and
    Contributions from both

    mployees P rovident employees.


    n at age 55 or under
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