Assessing the adequacy of contribution rates towards employees’ provident fund in Malaysia

Saidi, Nurul Athirah Nabila; Yusuf, Mazlynda Md; Basah, Mohamad Yazis Ali

doi:10.1063/1.4980934

Cited by 5 publications

(3 citation statements)

References 3 publications

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“…While there has traditionally been some ambiguity in terms of the geographical delineation of ‘East Asia’, academic interest in relatively recent key cases in the region such as Singapore, Malaysia and Thailand have triggered new debates about the political and economic determinants of welfare state development as well as the potential of social policy provision by alternative means (Chew ; Saidi et al . ; Mongkhonvanit and Hanvoravongchai ). Debates about South Asian cases have also featured more frequently in recent years, but these studies have remained more clearly positioned at the cusp between social policy analysis and international development studies (Devine et al .…”

Section: Policy Responses In Asiamentioning

confidence: 99%

Introduction – Managing Welfare Expectations and Social Change: Policy Responses in Asia

Mok¹,

Kühner²,

Yeates³

2017

Soc Policy Adm

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The question whether Asian welfare types can be classified as distinctly 'productivist' has remained subject to lively debates: in East Asia, the recent implementation of social rights-based public policy innovations -including working family support -as a response to rising inequalities, welfare expectations and accelerating social change has been well documented; similarly, South East Asian and South Asian economies have featured much more frequently in comparative social policy analysis as policymakers have sought to address persisting chronic poverty, a diminishing demographic dividend and burdensome epidemiological transitions via integrating human capital formation with social protection measures. Yet, far from a unifying convergence of these social policy trends in the post-Millennium Development Goals era, the global perspective we take in this article suggests continued variation and difference, with a multiplicity of forms of globalizations encountered and/or engendered in diverse contexts. As a consequence, variegated and path-dependent patterns of social development continue to persist across Asian economies. These findings, in turn, address major issues of our time, for they speak to the broader question of what analytical bases and research strategies can best reveal the complexities of (and interactions between) national, extra-national and transnational drivers of welfare formation and development under contemporary but diverse conditions.

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Section: Policy Responses In Asiamentioning

confidence: 99%

Introduction – Managing Welfare Expectations and Social Change: Policy Responses in Asia

Mok¹,

Kühner²,

Yeates³

2017

Soc Policy Adm

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“…Employees' Provident Fund (EPF) is a ISSN NO. 2392-4624 COGNITION A Peer Reviewed Transdisciplinary Research Journal social security institution that provides retirement benefits for contributors through the management of their savings (Saidi et. al., 2017).The employer's share of corporate social responsibility is the amount of money contributed by the employer to match the employee's share of contribution for the employee's retirement benefit (Muhamat et.…”

Section: Background Of the Studymentioning

confidence: 99%

Employee Views Towards Retirement Scheme in Development Bank of Nepal

Pokharel¹,

Shrestha²

2022

Cognition

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The main objective of the study is to assess the employee view toward the Employee Provident Fund (EPF) scheme, as a retirement scheme, with various factors that influence the attitude in development banks of Nepal. The study is based on a descriptive and explanatory research design. A quantitative research design was applied. Out of 18 development banks in Nepal, Jyoti Bikas Bank, Shangrila Development Bank, Muktinath Bikas Bank, and Garima Bikas was selected as sample unit for the study. The study is based on the primary data collected from Employees or contributors as respondents. Pearson’s multiple correlations and linear regression analysis were used for data analysis. Correlation analysis shows a significant linear, positive, and moderate relationship between independent variables namely, saving and investment, benefits scheme, and work environment, and dependent variable namely, employee view toward EPF scheme. The regression analysis reveals that there is a positive view of employees toward EPF in terms of saving and investment. Also, there is a positive view of employees toward EPF in terms of the working environment. However, there is a negative view of employees toward EPF in respect of the benefits scheme.

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“…The establishment of private pension funds in Asia is largely due to the insufficient retirement savings of retirees and demographic profile in Asia. For instance, 41% of Malaysians rely on their Employee Provident Fund (EPF) savings as retirement income, while Saidi et al [1] reported that about half of the retirees in Malaysia would deplete all their retirement savings within 5 years of retirement and more than 70% of EPF members aged 54 years old have savings of less than RM50,000 in their EPF account. Besides, the financial literacy of Malaysians is surprisingly low as 72% of the public do not have any retirement planning working-out ahead.…”

Section: Introductionmentioning

confidence: 99%

Investment Performance of Private Pension Funds in Selected Asian Countries: The Role of Fees and Management Companies

Yan¹,

Foong²

2021

Proceedings of the Ninth International Conference on Entrepreneurship and Business Management (ICEBM 2020)

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This paper examines the investment performance of private pension funds in Hong Kong, South Korea, Malaysia, Singapore, and Thailand, segregated by fund universe: Growth (equity), Moderate (balanced), and Conservative (bond) Fund. The adoption of hybrid model is a new attempt and all the three main categories of pension fund are evaluated in which previous studies have focused on merely equity funds. This study employs 6 years of monthly observations and a total of 931 pension-fund samples. Net returns and gross returns are used to evaluate the impact of fees on funds' performance with the hybrid model which mimics the Fama-French and Treynor-Mazuy. Empirical findings imply that most private pension funds in Asia have inferior performance even before the consideration of fees. In addition, the Growth Fund outperforms the Moderate and Conservative Fund before fees are taken into consideration. Nonetheless, management fees do deteriorate the performance of pension funds. Hence, policy makers should strive to devise suitable course of actions to raise the retirement incomes of citizen. Additionally, the results may be useful to investors to make better informed investment decisions and fund managers in building the pension fund's portfolio.

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Assessing the adequacy of contribution rates towards employees’ provident fund in Malaysia

Cited by 5 publications

References 3 publications

Introduction – Managing Welfare Expectations and Social Change: Policy Responses in Asia

Introduction – Managing Welfare Expectations and Social Change: Policy Responses in Asia

Employee Views Towards Retirement Scheme in Development Bank of Nepal

Investment Performance of Private Pension Funds in Selected Asian Countries: The Role of Fees and Management Companies

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