EPF
Proper noun
Meaning
EPF
(Malaysia, politics) Initialism of Employees Provident Fund (“Malaysian government body that provides savings for workers and retired people”).
Examples
After your divorce, have you reviewed the nomination of your EPF money?
A notification of the Labour Ministry has now clarified that under the PM Garib Kalyan Yojana, if you are regularly contributing to the Employee Provident Fund ( EPF) scheme run by the government, you are eligible to withdraw your savings.
As of March 31, 2014, the size of the EPF asset size stood at RM597 billion (US$184 billion), making it the fourth largest pension fund in Asia and seventh largest in the world.
He also reassured that given the RM960 billion in assets belonging to EPF and a yearly inflow of RM80 billion, this effort by the government would not affect the dividends for the members or the returns for EPF.
COLOMBO (News1st): Sri Lanka’s minister of employment and labour relations, Dinesh Gunawardena, has given an assurance to protect the Employees Provident Fund (EPF) in the country.
Claims for availing advance to fight pandemic are filed online, necessitating every EPF account to be KYC complaint as pre-cursor.