KAEDAH-KAEDAH KUMPULAN WANG SIMPANAN PEKERJA (PELABURAN DALAM INSTITUSI PENGURUSAN DANA) 2016

“Akaun I” ertinya akaun yang disenggarakan oleh Lembaga mengikut

Peraturan-Peraturan Kumpulan Wang Simpanan Pekerja 2001 [P.U. (A) 409/2001];

“akaun pelaburan” ertinya akaun ahli Kumpulan Wang dengan institusi pengurusan dana;

“institusi pengurusan dana” ertinya institusi pengurusan dana atau institusi lain yang diluluskan, yang dilantik oleh Menteri bagi maksud pelaburan di bawah

Bahagian IIIA Akta;

“simpanan asas” ertinya suatu jumlah simpanan dalam Akaun I yang ditentukan oleh Lembaga mengikut umur seseorang ahli Kumpulan Wang sebagaimana yang dinyatakan dalam Jadual.

3

Lembaga tidak bertanggungjawab bagi apa-apa kerugian daripada pelaburan yang dibuat oleh seseorang ahli Kumpulan Wang di bawah Bahagian IIIA Akta.

Mana-mana ahli Kumpulan Wang yang telah membuat permohonan untuk melabur di bawah Bahagian IIIA Akta tidak dibenarkan untuk membatalkan permohonannya.

Jika pelantikan suatu institusi pengurusan dana ditamatkan, institusi pengurusan dana itu hendaklah mencairkan kesemua pelaburan ahli Kumpulan Wang dan memindahkan ke dalam Kumpulan Wang semua amaun yang ada dalam akaun pelaburan ahli Kumpulan Wang itu termasuklah semua dividen ke atas pelaburan itu mengikut apa-apa cara dan dalam apa-apa tempoh yang ditentukan oleh Lembaga.

JADUAL

[Kaedah 3, 4 & 5]

Jumlah Simpanan Asas dalam Akaun I

Umur Ahli

Kumpulan Wang

(Tahun)

Jumlah

Simpanan Asas

18

1,000

19

3,000

6

Umur Ahli

Kumpulan Wang

(Tahun)

Jumlah

Simpanan Asas

20

5,000

21

6,000

22

8,000

23

10,000

24

12,000

25

14,000

26

17,000

27

20,000

28

23,000

29

26,000

30

29,000

31

33,000

32

37,000

33

41,000

7

Umur Ahli

Kumpulan Wang

(Tahun)

Jumlah

Simpanan Asas

34

45,000

35

50,000

36

55,000

37

60,000

38

66,000

39

72,000

40

78,000

41

85,000

42

92,000

43

100,000

44

108,000

45

116,000

46

125,000

47

134,000

8

Umur Ahli

Kumpulan Wang

(Tahun)

Jumlah

Simpanan Asas

48

144,000

49

154,000

50

165,000

51

176,000

52

188,000

53

201,000

54

214,000

55

228,000

Dibuat 20 Disember 2016

[9/1/GUB(U)-4 Vol. 4; KK/SID/(S)/9/419/379/23/1 Jld. 38; PN(PU2)498/X]

TAN SRI SAMSUDIN BIN OSMAN

Pengerusi

Lembaga Kumpulan Wang Simpanan Pekerja

9

EMPLOYEES PROVIDENT FUND ACT 1991

EMPLOYEES PROVIDENT FUND (INVESTMENT IN FUND MANAGEMENT INSTITUTION)

RULES 2016

IN exercise of the powers conferred by section 73

of the Employees Provident Fund Act 1991 [Act 452], the Board makes the following rules:

Citation and commencement 1.

(1)

These rules may be cited as the Employees Provident Fund

(Investment in Fund Management Institution) Rules 2016.

(2)

These Rules come into operation on 1 January 2017.

Interpretation 2.

In these Rules, unless the context otherwise requires—

“Account I” means the account maintained by the Board in accordance with the

Employees Provident Fund Regulations 2001 [P.U. (A) 409/2001];

“investment account” means an account of the member of the Fund with a fund management institution;

“fund management institution" means the fund management institution or other approved institution, appointed by the Minister for the purpose of investment under

Part IIIA of the Act;

“basic savings” means an amount of savings in Account I which is determined by the Board in accordance with the age of a member of the Fund as specified in the

Schedule.

10

Application for investment under Part IIIA of the Act 3.

(1)

No sum of money standing to the credit of a member of the Fund may be transferred to any fund management institution except with the approval of the Board.

(2)

A member of the Fund who intends to make an investment under Part IIIA of the Act shall make an application to the Board in any manner as determined by the

Board.

(3)

The Board may approve the application under subrule (2) if—

(a)

the amount standing to the credit of the member of the Fund in

Account I exceeds the amount of basic savings as specified in the

Schedule;

(b)

the member of the Fund has not attained the age of fifty-five years; and

(c)

the member of the Fund has opened an investment account with the fund management institution.

Transfer of investment amount 4.

(1)

If the Board has approved an application of a member of the Fund to invest under Part IIIA of the Act, the Board shall, subject to subrule (2), transfer the amount standing to the credit of the member of the Fund to the investment account of the member of the Fund in any manner as may be determined by the Board.

(2)

The amount which may be transferred under subrule (1) shall not exceed thirty percent of the amount in excess of the basic savings as specified in the Schedule subject to the minimum investment amount of one thousand ringgit.

(3)

The Board shall not make any transfer of the amount referred to in subrule (1) if the Board has received notice of the death of the member of the Fund before any transfer is made.

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The Board may approve subsequent investment 5.

(1)

The Board may approve the application of the member of the Fund who has made investment with the fund management institution to make subsequent investment at the interval of ninety days from the date of the previous investment transfer made provided that the amount which may be transferred shall not exceed thirty percent of the amount in excess of the basic savings as specified in the Schedule with the minimum investment amount of one thousand ringgit.

(2)

Any transfer of amount by the Board for the subsequent investment under subrule (1) shall be made to any investment account.

The Board is not responsible for any loss from investment 6.

The Board shall not be responsible for any loss from the investment made by a member of the Fund under Part IIIA of the Act.

Revocation is not permissible 7.

Any member of the Fund who has made an application for investment under

Part IIIA of the Act shall not be allowed to revoke his application.

Closing of investment account or liquidation of investment 8.

(1)

Any member of the Fund may—

(a)

close his investment account and instruct the fund management institution to transfer all amount standing to the investment account to the Fund; or

(b)

instruct the fund management institution to liquidate all or part of his investment and transfer to the Fund all or part of the investment so liquidated.

(2)

Notwithstanding subrule (1), any member of the Fund may at any time, subject to these Rules, make subsequent application for investment under Part IIIA of the Act.

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(3)

Any amount which is retransferred to the Fund under subrule (1) shall be credited into Account I of the member of the Fund.

Termination of appointment of fund management institution 9.

If the appointment of a fund management institution is terminated, the fund management institution shall liquidate all investments of members of the Fund and transfer to the Fund all amount standing to the investment account of the members of the Fund including all dividend on the investment in any manner and within any period determined by the Board.

[Rules 3, 4 & 5]

Total Basic Savings in Account I

Age of the

Member of the

Fund

(Year)

Basic Savings

Amount

18 1,000

19 3,000

20 5,000

21 6,000

22 8,000

23

10,000

13

Age of the

Member of the

Fund

(Year)

Basic Savings

Amount

24 12,000

25

14,000

26 17,000

27 20,000

28 23,000

29 26,000

30 29,000

31 33,000

32 37,000

33 41,000

34 45,000

35 50,000

36 55,000

37

60,000

14

Age of the

Member of the

Fund

(Year)

Basic Savings

Amount

38 66,000

39

72,000

40 78,000

41 85,000

42 92,000

43 100,000

44 108,000

45 116,000

46 125,000

47 134,000

48 144,000

49 154,000

50 165,000

51

176,000

15

Age of the

Member of the

Fund

(Year)

Basic Savings

Amount

52 188,000

53

201,000

54 214,000

55 228,000

Made 20 December 2016

[9/1/GUB(U)-4 Vol. 4; KK/SID/(S)/9/419/379/23/1 Jld. 38; PN(PU2)498/X]

TAN SRI SAMSUDIN BIN OSMAN

Chairman

Employees Provident Fund Board