No Details EPF SOCSO KWAP PRS

1 Function of the a social security organisation Provide social security rotection Responsibility of managing Voluntary long – term savings and
organisation primarily providing retirement to employees and their the processing of pensions investment scheme designed to
benefits for private sector and dependants through the and benefits of government help you save more for your
non - pensionable employees employment injury scheme and servants with continued retirement.
in Malaysia the invalidity scheme. excellence
2 Benefits ➢ Retirement savings ➢ Employment Injury Benefits ➢ Retirement savings ➢ Professional fund management
provided by the ➢ For partial withdrawals like ➢ Survivor’s Pension ➢ Investment growth ➢ Retirement income
organisation housing , medical , ➢ Funeral Benefits ➢ Financial security ➢ Supplementary retirement
emergencies and ➢ EIS ➢ Pension Payments savings
education
3 Products ➢ Partial Withdrawals ➢ Employment Injury Insurance ➢ Pension Scheme ➢ PRS Fund
offered by the ➢ EPF Transfer and Scheme Management ➢ Retirement Planning Tools
organisation Withdrawals ➢ Invalidity Pension Scheme ➢ Saving and Investment
➢ EDLI Planning
➢ Provident Fund
➢ Employees Pension
Scheme
4 Who will be Private and non – pensionable All employees, regardless of their Pensioners and future Malaysians
benefits by the public sector employees job type , industry or income pensioners
organisation level. It not just for local workers
but it include foreign worker ,
providing them with financial
protection in the event of an
accident or disability.

5 Amount of ➢ Employees who receive Between 3% to 5% of the 17.5 % of the basic salary Voluntary contributions
contribution set wages of RM 5000 and employee salary vary accordingly
by the below ,the portion of to the employee salary amount
organisation employees contribution is
11% of their monthly
salary while the employers
contributes 13%
➢ Employees who receive
wages exceeding RM5000,
the employees
contribution of 11%
remains , while the
employer’s contribution is
12%