Page 134 - Official Year Book 2019
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LAUNCH OF MALAYSIA@WORK AND The initiative, which was announced during Budget 2020 had allocated
INTERNATIONAL SOCIAL WELL-BEING CONFERENCE RM6.5 billion stimulus package over the next five years to create up to
2019 (ISWC) 350,000 jobs. The wage and hiring incentives under Malaysia@work
would be credited directly into individual EPF accounts, offsetting the
YB Minister of Finance, Lim Guan Eng attended the Launching of statutory contributions by employers and employees.
the #MalaysiaWork Programme and International Social Well-Being
Conference (ISWC) 2019 organized by the Employees Provident Fund Any excess amount of the wage incentive will be credited into a special
(EPF) launched by YAB Prime Minister, Tun Dr. Mahathir Mohamad on account created by the EPF that allows for flexible withdrawal, any
21 November 2019 at the Grand Hyatt Hotel, Kuala Lumpur. The amount, whenever needed. Mechanism would allow the participations
ceremony was also attended by YAB Dato’ Seri Dr. Azizah Dr. Wan Ismail to save for their retirement and at the same time, the higher disposable
YB Deputy Prime Minister of Youth and Sports, Syed Saddiq Syed Abdul income would enable their daily needs.
Rahman, Minister of Youth and Sports, YBhg. Tan Sri Samsudin Osman,
EPF Chairman and top management of the Ministry of Finance Malaysia.

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