EPF contributions rose 4.91% to RM58.98bil

The Employees Provident Fund (EPF) has reported a rise of 4.91% in annual contributions to RM58.98bil against a total annual amount withdrawn of RM44.25bil, resulting in net inflows of RM15.73bil.

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The EPF ended 2015 with RM44.23bil in total gross investment income with a gross return on investment of 7.48% which was 23 basis points higher compared with 7.25% in 2014.

At a media briefing on the provident fund’s 2015 annual report 2015 in Kuala Lumpur today, the statutory body said it has declared a 6.4% dividend, or a total payout amounting to RM38.24bil.

The payout amount required for every one percent dividend rate for the year was RM5.98bil, which was a 10.13% higher compared with RM5.43bil in 2014.

EPF’s chief executive officer Datuk Shahril Ridza Ridzuan said the EPF’s performance last year was very much affected by global economic and market challenges but it was able to cushion the impact due to its long term and well diversified investment programme.

Source:  http://www.thestar.com.my/business/business-news/2016/05/03/epf-contributions-rise/