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  2. PERSONAL FINANCE. Save Smarter: Secure Your Future with EPF. EDUCATION. The Impact of Education on Career Advancement. PERSONAL FINANCE. Emergency Fund: Why You Need One. Discover. At EPF, we help employees to be financially comfortable with savings and retirement planning. Learn more about us here.

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  3. Employees' Provident Fund (EPF; Malay: Kumpulan Wang Simpanan Pekerja, KWSP) is a federal statutory body under the purview of the Ministry of Finance. It manages the compulsory savings plan and retirement planning for private sector workers in Malaysia.

  4. What is the EmployeesProvident Fund? As of June 2022, around 14.6 million M alaysians are covered under this act. Also known as Kumpulan Wang Simpanan Pekerja (KWSP), EPF initially saw the light of the day in 1951 after the passing of the EmployeesProvident Fund Ordinance 1951.

  5. Created under the Employee Provident Fund Act 1991, the EPF is a retirement benefits plan for employees in Malaysia. It acts as social security, providing pensions for those who do not have access to allowances (e.g., private sector workers). Is the EPF different from SOCSO? Yes.

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