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You
are here:
 English > Contributions
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"KWAP achieved net ROI and TWRR of
10.04% and 11.64%
respectively in 2009"
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| About Contributions |
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| One of KWAP’s main responsibilities is to manage pension contributions which are remitted to KWAP by contributing employers in accordance to the Statutory and Local Authorities Pensions Acts 1980 (Act 239) and Service Circular No 12/2008 on the Policy and Procedure of Appointment of Secondment, Temporary and Permanent Transfer. As stipulated by the Act, contributing employers comprising of statutory bodies, local authorities and agencies shall remit to KWAP the pension contributions for employees who are granted pensionable status by the Public Service Department. |
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| Agencies Involved in Collecting
Pension Contributions |
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The responsibility
of collecting pension contributions was initially undertaken by Employees'
Provident Fund prior to January 1979. Other government agencies involved
were Public Service Department, Treasury Malaysia, and Accountant-General's
Department until the incorporation of KWAP in March 2007. Effective 1 March 2007, upon its incorporation, pension
contributions are now remitted to KWAP.
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Read More |
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| Statistics of Contribution
Collections |
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| Total contributions
from January - June 2010 amounted to RM1.94 billion with Government's
Share and Employers' Contributions of RM1.63 billion and RM0.31 billion
respectively. |
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Read More |
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| Statistics of Employers
and Members |
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| Contributing
employers consist of statutory bodies, local authorities and agencies
with pensionable employees. In total, there are 557 contributing employers
with 123,157 members. |
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Read More |
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| Duties and Responsibilities
of Employers |
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| Employers
are required to undertake the following duties and responsibilities. |
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Read More |
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