EPF: We won’t compromise on contributors’ rights in PLUS restructuring

KUALA LUMPUR: The Employees Provident Fund (EPF) yesterday (Feb 22) assured contributors that their interest will not be compromised in the restructuring of PLUS Malaysia Bhd.

“The good news is talks are underway, positive direction happening, we should be looking at the final resolution, not resolution but the finalisation. Very soon, will it impact contribution?

“So as I mentioned, whatever the decision we agreed to, we will ensure the rights of EPF members will be maintained at all times, we will not compromise on that.”

For the record, the government has agreed to restructure PLUS with a reduced toll rate of 18%. Khazanah Nasional Bhd owns 51% of PLUS while EPF has a 49% stake. – Feb 23, 2020, Bernama

Subscribe and get top news delivered to your Inbox everyday for FREE