Employees Provident Fund Epf Malaysia

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Employees Provident Fund Epf Malaysia

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Author : Siti Aida Sheikh Hussin
language : en
Publisher:
Release Date : 2012

Employees Provident Fund Epf Malaysia written by Siti Aida Sheikh Hussin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.

We describe Employees Provident Funds (EPF) Malaysia. We explain about Defined Contribution and Defined Benefit Pension Funds and examine their similarities and differences. We also briefly discuss and compare EPF schemes in four Commonwealth countries. A family of Stochastic Programming Models is developed for the Employees Provident Fund Malaysia. This is a family of ex-ante decision models whose main aim is to manage, that is, balance assets and liabilities. The decision models comprise Expected Value Linear Programming, Two Stage Stochastic Programming with recourse, Chance Constrained Programming and Integrated Chance Constraints Programming. For the last three decision models we use scenario generators which capture the uncertainties of asset returns, salary contributions and lump sum liabilities payments. These scenario generation models for Assets and liabilities were developed and calibrated using historical data. The resulting decisions are evaluated with in-sample analysis using typical risk adjusted performance measures. Out- of- sample testing is also carried out with a larger set of generated scenarios. The benefits of two stage stochastic programming over deterministic approaches on asset allocation as well as the amount of borrowing needed for each pre-specified growth dividend are demonstrated. The contributions of this thesis are i) an insightful overview of EPF ii) construction of scenarios for assets returns and liabilities with different values of growth dividend, that combine the Markov population model with the salary growth model and retirement payments iii) construction and analysis of generic ex-ante decision models taking into consideration uncertain asset returns and uncertain liabilities iv) testing and performance evaluation of these decisions in an ex-post setting.

Case Study On The Employee Provident Fund Of Malaysia

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Author : Weltbankgruppe
language : en
Publisher:
Release Date : 2018

Case Study On The Employee Provident Fund Of Malaysia written by Weltbankgruppe and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.

This paper documents the best practices and practical lessons learned from Malaysia's largest mandatory public provident fund, the Employees Provident Fund (EPF). The objective of this paper is to increase the knowledge base of efficient pension funds for developing countries, drawing from Malaysia's experiences. Findings include key critical factors that contributed to the successof the EPF, from a small pension fund set up in 1949, to become one of the largest pension fund among developing countries and the 15th largest in the world. This paper summarizes the EPF's key strategies in corporate governance, investment, and operational strategies, as well as policies deployed by the EPF in managing its assets. The lessons from the EPF come from three main factors. Firstly, the EPF has developed a strong governance structure which discourages external politicalmeddling and encourages transparency and accountability. Secondly, the EPF's investments strategy, guided by its Strategic Asset Allocation, including diversifying to foreign markets and new asset classes, has enabled the Fund to produce enhanced returns. Thirdly, the EPF's operational effectiveness which is driven by the professionalism of their employees and their continuous improvement for members' benefit. Nonetheless, several challenges remain in the present and in the future. The first challenge involves demographic changes as Malaysia is ageing more rapidlythan other countries and even now a sizable number of workers do not have the recommended minimum savings level needed for retirement. A revamp of the current model is needed to ensure that members will be financially independent post-retirement. The second challenge is lack of coverage: only half of those in the labour force are contributing to the EPF, which leaves the other half without oldage pension coverage. A reform agenda needs to expand coverage particularly for the self-employed. The final challenges are maintaining public trust and staying relevant, especially in the age of the fourth industrial revolution and the emerging gig economy that has different needs and demands. This case study will hopefully be of benefit to both policy makers andpractitioners, particularly in the developing world. It could help play an important part in designing a successful provident fund to contribute to a comprehensive social safety net for citizens.

Pr Cieux Autographes De Jean Jacques Rousseau Provenant Des Archives De Mme Dupin Au Ch Teau De Chenonceaux

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Author :
language : en
Publisher:
Release Date : 1957

Pr Cieux Autographes De Jean Jacques Rousseau Provenant Des Archives De Mme Dupin Au Ch Teau De Chenonceaux written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1957 with categories.

The Role Of Employees Provident Fund Epf In Financing Old Age In Malaysia

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Author :
language : en
Publisher:
Release Date : 1996

The Role Of Employees Provident Fund Epf In Financing Old Age In Malaysia written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Aged categories.

The Effects Of Inflation On Provident Funds And Measures To Prevent Erosion In The Real Value Of Their Assets

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Author : Rita Benoy Bushon
language : en
Publisher:
Release Date : 1994

The Effects Of Inflation On Provident Funds And Measures To Prevent Erosion In The Real Value Of Their Assets written by Rita Benoy Bushon and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Inflation (Finance) categories.

Epf S Missing Billions

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Author :
language : en
Publisher:
Release Date : 1985

Epf S Missing Billions written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with Consumer protection categories.

Case Study On The Employee Provident Fund Of Malaysia

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Author : World Bank Group
language : en
Publisher:
Release Date : 2018

Case Study On The Employee Provident Fund Of Malaysia written by World Bank Group and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.

This paper documents the best practices and practical lessons learned from Malaysia's largest mandatory public provident fund, the Employees Provident Fund (EPF). The objective of this paper is to increase the knowledge base of efficient pension funds for developing countries, drawing from Malaysia's experiences. Findings include key critical factors that contributed to the successof the EPF, from a small pension fund set up in 1949, to become one of the largest pension fund among developing countries and the 15th largest in the world. This paper summarizes the EPF's key strategies in corporate governance, investment, and operational strategies, as well as policies deployed by the EPF in managing its assets. The lessons from the EPF come from three main factors. Firstly, the EPF has developed a strong governance structure which discourages external politicalmeddling and encourages transparency and accountability. Secondly, the EPF's investments strategy, guided by its Strategic Asset Allocation, including diversifying to foreign markets and new asset classes, has enabled the Fund to produce enhanced returns. Thirdly, the EPF's operational effectiveness which is driven by the professionalism of their employees and their continuous improvement for members' benefit. Nonetheless, several challenges remain in the present and in the future. The first challenge involves demographic changes as Malaysia is ageing more rapidlythan other countries and even now a sizable number of workers do not have the recommended minimum savings level needed for retirement. A revamp of the current model is needed to ensure that members will be financially independent post-retirement. The second challenge is lack of coverage: only half of those in the labour force are contributing to the EPF, which leaves the other half without oldage pension coverage. A reform agenda needs to expand coverage particularly for the self-employed. The final challenges are maintaining public trust and staying relevant, especially in the age of the fourth industrial revolution and the emerging gig economy that has different needs and demands. This case study will hopefully be of benefit to both policy makers andpractitioners, particularly in the developing world. It could help play an important part in designing a successful provident fund to contribute to a comprehensive social safety net for citizens.

Financial Security In Old Age

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Author : Hock Lock Lee
language : en
Publisher:
Release Date : 2001

Financial Security In Old Age written by Hock Lock Lee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Employees' deposits categories.

Employees Provident Fund Legislation

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Author : Malaysia
language : en
Publisher:
Release Date : 198?

Employees Provident Fund Legislation written by Malaysia and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 198? with Old age pensions categories.

The Sustainability Of Retirement Income In Malaysia

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Author : CHEW KAH YAN (TP044313)
language : en
Publisher:
Release Date : 2019

The Sustainability Of Retirement Income In Malaysia written by CHEW KAH YAN (TP044313) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with Finance, Personal categories.