265 Summary

Summary

In this sub unit, you have learnt the historical development and establishment of EPF. In addition, you have learnt the functions of ‘i-Akaun’ of EPF, which is the online services offered by EPF. Finally, you have also learnt the offences and penalties in relation to the Employee Provident Fund Act 1991 ( EPFA) and The EPF Rules and Regulations 1991. You would have observed that obligations of EPF is under the statute and this include to deliver minimum rate of dividends at 2.5% to its contributories. EPF has its commitment to generate income to the Funds thus it has power to invest to generate returns.

 

Self-test 5.4
Question to self-test 5.4 Suggested answers to self-test 5.4

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