October 28, 2010

Out by 75 or Gone by 80

Yes, watch those numbers if you are an employee contributing to the Employment Provident fund (EPF)!

According to an official spokesperson, no contribution would be accepted upon contributors reaching the age of 75 and no dividend would be paid on their savings from then on.

On reaching 80, those savings will henceforth be transferred to the Registrar of Unclaimed Monies

This is because no contribution would be accepted upon contributors reaching that age and no

So, you better watch out for your savings,comprende?