Public Mutual chief executive officer Chiang Kang Pey (fifth from left) with the recipients of the ESG Social Impact Recognition Awards 2024 for the Salary Deduction Programme.
PUBLIC MUTUAL, a wholly-owned subsidiary of Public Bank, honoured corporations for their contributions and unwavering commitment to enhancing employee well-being and promoting financial security in retirement through their participation in the Corporate Private Retirement Scheme (PRS) Programme at the inaugural ESG Social Impact Recognition Awards 2024 ceremony, held on Oct 24 at EQ Kuala Lumpur.
Among the corporations recognised during the awards ceremony were:
PRS Vesting Programme
> Adventist Health Services (Malaysia) Sdn. Bhd.
> Adventist Hospital & Clinic Services (M)
> Armstrong Auto Parts Sdn. Berhad
> B-Global Sdn Bhd
> Janoschka Malaysia Sdn. Bhd.
> Lembaga Tabung Haji
> Precise Harvest Sdn. Bhd.
> Sekolah Menengah Keat Hwa (Persendirian)
> Suruhanjaya Sekuriti Malaysia
Salary Deduction Programme
> Aeon Co. (M) Bhd.
> Environment Idaman (Kedah and Perlis) Sdn. Bhd.
> Lembaga Tabung Haji
> Lonpac Insurance Bhd
> Pos Aviation Sdn. Bhd
> Senawang Indah Medical Centre Sdn Bhd
> Syarikat Air Darul Aman Sdn. Bhd.
Through its ESG Social Impact Recognition Awards, Public Mutual aims to inspire more corporations to enhance their employees' retirement savings via its Corporate PRS Programme, while fostering a better financial future for their workforce.
To be eligible for the awards, corporations must maintain a minimum participation of 30 employees in the PRS Vesting Programme or Salary Deduction Programme and demonstrate three consecutive years of contributions.
Currently, there are more than 450 participating corporations under Public Mutual’s PRS Vesting Programme and/or Salary Deduction Programme.
These programmes enable employers to help their employees boost their retirement funds with the vesting of PRS funds able to be customised based on the employers’ preference.
Meanwhile, through the salary deduction option, employers can provide a payroll deduction facility for their employees to contribute to their retirement nest egg on top of their mandatory EPF contributions.
Public Mutual is Malaysia’s largest private unit trust company, with more than 180 funds under its management. It is also an approved PRS provider, managing nine PRS funds. It has a total of 31 branches/customer service centers nationwide.
