Apped At 80 Ringgit Per Annum For Those Below 55 Years Of Age News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Malaysia’s Employees Provident Fund (EPF) and Southeast Asian ride hailing operator Grab have signed a memorandum of understanding for the latte.

Malaysia employees provident fundEmployees provident fundSoutheast asianMalaysia amp rsquos employees provident fund epf and southeast asian ride hailing operator grab have signeda memorandum of understanding for the latter to contribute retirement savings its drivers delivery partners through pension rsquo si saraan scheme thei programme is aimed at encouraging gig economy workers self employed make voluntary contributions th government matches up 15 an individual annual contribution toa maximum 250 ringgit us 59 74a year under terms deal withHe ride hailing firm will match an additional 5 of contributions by its drivers and delivery partnersApped at 80 ringgit per annum for those below 55 years of ageNd 10 up toa maximum 120 ringgit per annum for older or disabled workers amp nbsp according to epf chief executive officer amir hamzah azizanHe collaboration will enhance the retirement well being of drivers and delivery partnersNd also promote financial literacy about the importance of retirement planning amp ldquo we look forward to having hard working community grab drivers and delivery partners sign up as epf members contribute voluntarily their savingsMp rdquo he says ina statement on september 7 grab malaysia managing director sean goh the partnership amp ldquo isa step in right directionS public and private partners come together to promote good financial habits that build security amongst all malaysians amp rdquo according sohMore than 50000 people have joined the grab platform during coronavirus crisis