Crowds throng EPF as Account 3 kicks in


Smooth process: EPF employee Tengku Shiena Tengku Hamzah guiding an EPF member through the process of transferring funds into Account 3 at the Petaling Jaya branch. — AZHAR MAHFOF/The Star

PETALING JAYA: Members of the public went in droves to Employees Provident Fund (EPF) offices to get more information on or opt in for Account 3 after its introduction.

Under a restructuring plan that took effect on May 11, EPF accounts are split from two to three for members aged below 55.

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Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

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EPF , Account 3 , Flexible Account

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