EPF needs RM50 bil to pay 6% in 2019 - News Summed Up

EPF needs RM50 bil to pay 6% in 2019


The amount to pay 1% of EPF dividend had more than doubled from RM3.73 billion in 2010 to RM7.7 billion in 2018. To pay 6% dividend for 2019, the EPF would probably need just over RM50 billion for distribution, back-of-the-envelope calculations show. It did not provide a split between foreign and local equities income in the first quarter. Net contributions to the EPF ranged between RM1.6 billion and RM2.84 billion a month between January 2018 and October 2019. In 2008, during which the FBM KLCI fell a whopping 38.9%, the EPF dividend saw the largest y-o-y decline of 130 basis points from 5.8% in 2007 to 4.5% in 2008.


Source: The Edge Markets February 11, 2020 08:03 UTC



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