2011/02/21
KUALA LUMPUR: The Malaysian Trades Union Congress (MTUC) welcomes the higher dividend paid out by the Employees Provident Fund (EPF) for last year.
MTUC secretary-general Abdul Halim Mansor said the congress was happy with the decision to increase the dividend to 5.8 per cent, up from 2009's 5.65 per cent.
He said MTUC was also satisfied with EPF's explanation on its investments.
"The decision to increase the dividend from the previous year is a blessing.
"This is good news and will satisfy employees who rely on the fund for savings."
MTUC, he said, was happy with the improvement in EPF's service.
Halim said the higher dividend also showed that the country's economy was doing good.
Syazrah Arinah Abd Salam, 25, said the high dividend was good news for employees who depended on the fund for later use.
The 25-year-old UniAsia General Insurance finance executive said employees would not need to find other alternatives of savings.
Ichor System planner, purchaser and logistic assistant Siti Najwa Mohd Salim, 22, said: "The higher dividend benefits employees in the long run. It also inspires us to work harder."
http://www.nst.com.my/nst/articles/2mtc/Article/#ixzz1F21OEhXQ
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