KUCHING: The announcement on the Employees Provident Fund’s (EPF) dividend rate is expected to give confidence to contributors in their financial planning for retirement.
The EPF on Saturday announced a dividend rate of 6.30 per cent for both Conventional Savings and Shariah Savings for the year 2024.
The total distribution for Conventional Savings amounts to RM63.05 billion, while Shariah Savings recorded a distribution of RM10.19 billion.
Overall, the EPF is distributing RM73.24 billion to contributors for 2024, reflecting a strong investment performance despite a challenging economic environment.
Sarawak Tribune interviewed several individuals regarding the 6.30 per cent dividend rate.
CYNTHIA ANGGING, 25
(private sector employee)
I believe the 6.30 per cent dividend rate is still good, even though it is not as high as expected. In these uncertain economic times, at least the EPF is still able to provide stable returns. This indicates that their investments remain strong.
PAULINA MATE, 24
(private sector employee)
I view this dividend rate positively. However, I hope the rate can be higher as it helps contributors plan their long-term finances, especially for those who rely entirely on their EPF savings after retirement.
MAGDALENE ETA, 81
(retiree)
I am grateful for this dividend rate as it helps to some extent in covering my retirement expenses. However, with the rising cost of living, I hope future dividend rates will be higher to provide greater benefits to retirees like myself.
PHILIP GREENE, 85
(retiree)
The 6.30 per cent dividend announced by the EPF reflects the institution’s ability to manage investments well, even amid a challenging global economic environment. Contributors can still see the EPF as a stable and secure savings platform for the long term.
