Last updated  : 4/20/21 12:39 PM     

CLARIFICATION REGARDING VIRAL WHATSAPP MESSAGE ON MAXIMUM AGE FOR DIVIDEND PAYMENT

KUALA LUMPUR, 20 April 2021: The Employees Provident Fund (EPF) wishes to clarify that an old statement regarding the maximum age of 75 years for EPF dividend payment, which is currently circulating via WhatsApp and other online platforms, is outdated and no longer applicable.

As announced in an EPF media statement dated 3 November 2016, effective 1 January 2017, members will continue to earn dividends for the remaining portion of their EPF savings up to age 100.

This measure was introduced following the amendment to the EPF Act 1991 to ensure that members who choose to maintain a portion of their savings with the EPF after retirement will continue to benefit from the compounding effect of annual dividends until their EPF savings have been fully withdrawn.

The EPF will inform members prior to transferring any unclaimed savings when the member reaches age 100 . Any claim after the transfer can be made through the Registrar of Unclaimed Monies.

We urge members to be cautious of misleading or unsubstantiated information received through social media platforms and refrain from circulating them. Members are advised to always verify the source and date of the information obtained.

To ensure accuracy of information, we encourage members to refer to the EPF official communication chanels, visit the EPF’s website at www.kwsp.gov.my, or call the EPF Contact Management Centre at 03-8922 6000.

 

Issued by the EPF Media Desk
Corporate Affairs Department
20 April 2021

 

 

About the Employees Provident Fund (EPF)

The Employees Provident Fund (“EPF”) is one of the oldest retirement funds in the world. Established in 1951, the EPF is a social-security organisation focused on safeguarding member savings and delivering excellent services. In recent years, in line with its vision of helping members achieve a better future, the EPF has expanded its role to encompass the creation of a comprehensive social well-being ecosystem. Today, the EPF remains steadfast in its commitment to members through consistent efforts to update and improve itself, in order to build the foundation for sustainable, holistic and equitable well-being for all Malaysians