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Ride-hailing firm Grab to contribute to drivers' retirement in deal with Malaysia's EPF - Pensions - Magazine

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 Fund , Employees Provident Fund , Southeast Asian , Malaysia 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 With , He Ride Hailing Firm Will Match An Additional 5 Of Contributions By Its Drivers And Delivery Partners , Apped At 80 Ringgit Per Annum For Those Below 55 Years Of Age , Nd 10 Up Toa Maximum 120 Ringgit Per Annum For Older Or Disabled Workers Amp Nbsp According To Epf Chief Executive Officer Amir Hamzah Azizan , He Collaboration Will Enhance The Retirement Well Being Of Drivers And Delivery Partners , Nd 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 Savings , Mp Rdquo He Says Ina Statement On September 7 Grab Malaysia Managing Director Sean Goh The Partnership Amp Ldquo Isa Step In Right Direction , S Public And Private Partners Come Together To Promote Good Financial Habits That Build Security Amongst All Malaysians Amp Rdquo According Soh , More Than 50 , 000 People Have Joined The Grab Platform During Coronavirus Crisis ,