I HAVE a bold proposal for the top management of the Employees Provident Fund (EPF). This proposal will not only enable EPF to serve its members more effectively, but it will also ensure a better cash flow and more funds for long-term investments to get higher returns.
My proposal is for EPF to set up an inheritance trust fund account, which could be called Account 4. Currently, if I have a balance of RM200,000 in my account, and I have named my wife and daughter as beneficiaries, each will receive a lump sum of 50% upon my death.
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