The Employees Provident Fund (EPF) has declared a 6.1 percent dividend for conventional savings and 5.65 percent dividend for shariah savings for 2021.
The dividends declared were high than the 5.45 percent for conventional savings declared in 2019 before the Covid-19 pandemic. The fund also outperformed the KLCI which contracted 3.7 percent in 2021.
Total distributions have reached a new high of RM57.1 billion. The previous record of RM48.13 billion was set in 2017.
EPF's asset value has reached RM1.008 trillion in 2021, up 0.8 percent from the previous period.
According to EPF, its slow growth was due to Covid-19 related relief withdrawals.
As of October last year, the EPF said some 7.4 million members had withdrawn RM101 billion for Covid-19 relief. - Mkini
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