KUALA LUMPUR: Uber drivers will now have a secure future after the Employees Provident Fund (EPF) signed a Memorandum of Understanding (MoU) with Uber Malaysia today. The aim was to encourage Uber driver partners to save for their retirement through the 1Malaysia Retirement savings scheme (SP1M). “In addition, Uber has agreed to other areas of collaboration, including facilitating financial planning talks by EPF, and allowing EPF to promote retirement planning to driver- partners,” he said. Meanwhile, Uber Malaysia general manager Warren Tseng said its driver partners had contributed greatly to improve urban mobility and connectivity. Under SP1M, individuals could contribute a minimum of RM50 into their SP1M account up to a maximum of RM60,000 a year and entitled to earn dividends on their savings.

Source: New Strait Times October 19, 2017 09:00 UTC