Good news to the employees! =D
The Employees Provident Fund (EPF) board has declared a dividend rate of 6% for 2011!"It's the highest in the last 10 years!"
Compare to 2010 which is just 5.8%, increased by 20 basis point.
Translates to a 24.47 billion being distributed to the members.
Below is the table for the allocation of the fund.
As you can see from the table,
Equities were the largest income contributor at RM13.29 million (48.841%).
Personally I think it is quite impressive especially a lot uncertainties in the economic.
.bmp)
Comparing to the past 10 years, it's the highest!
But of course, you could observe that it reaches the peak when it is the election year. =p
Well, one thing good for the employee is that...
the CPI (consumer price index) and FD (fixed deposit) were kept low at 3%.
Meaning your money in EPF...
"Still got 3% interest despite of inflation!"
But this is just a rough estimation.
Anyhow, as long as it is high,
We should be happy already! =D
