Experts: Those opting for 3% cut will lose money

By MARTIN CARVALHO

PETALING JAYA: Employees opting to take the 3% cut in their Employees Provident Fund (EPF) contribution will end up losing thousands upon retirement.

While the monthly deductions cover a 22-month period beginning March 2016 to December 2017, the loss of compound interest on the sum would leave a dent in an employee’s retirement savings.

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Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

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Government , emplyees provident fund , deductions , compound interest

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