MTUC appreciates EPF's efforts to ensure yearly dividend increase

KUALA LUMPUR: The 2023 Employees' Provident Fund (EPF) dividend that remains strong gives confidence to employees about the performance of their investment in the retirement savings, as well as indicates stable and improving economic growth, says the Malaysian Trade Union Congress (MTUC).

Its president Mohd Effendy Abdul Ghani said that the MTUC welcomes the announcement and added that the increase in the sharia savings dividend to 5.40% compared to only 4.75% in 2022 could also attract more contributors to choose sharia savings in the future.