Assuring Your Pension

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Staying at the forefront

Press Releases

New CFO and CDO To Strengthen KWAP’s TERAS 5 Execution

YB Senator Tengku Datuk Seri Utama Zafrul bin Tengku Abdul Aziz Launches KWAP’s TERAS 5

KWAP Welcomes Hazman Hilmi Sallahuddin as New CIO

Announcements

Notice on Improved Online Feedback and Question

MYPESARA Application System Disruption

KWAP Call Centre to Resume Regular Operating Hours: 8:00am – 5:30pm on Working Days

Insights

Malaysia’s New Silver Population

Going the extra mile

Helping people build a more stable today for a more resilient future

Environmental
ESG

Frequently Asked Questions

Table of Contents

General

KWAP’s main activity is managing contributions to and investments of the Fund as well as the management of pension payments.

No. At the moment KWAP operates from its main office in Kuala Lumpur while its Pension Services operates from the Cyberjaya office, which is strategically located close to the Government offices.

For general information and public relations, please write to corpaffairs@kwap.gov.my or contact our front desk at +603 2174 8000.

Questions on pension-related information and other queries may be directed to mypesara@kwap.gov.my or the MyPesara careline at +603 8887 8777.

Pension Services

Since the end of 2015, KWAP has acted as an agent of the Federal Government for the purpose of pension payments, gratuities or other benefits granted under any written law from the Consolidated Fund in such manner as may be agreed between the Federal Government and KWAP, while pension policies are managed by the Public Services Department.

Contribution

KWAP only manages contributions from permanent government staff with pensionable status and who are in service with Regulatory Bodies and Local Authorities, while the EPF (KWSP) manages contributions from private sector employees and government employees who have opted to contribute to the EPF.

No, at the moment KWAP does not give out dividends on the monthly contributions of its members.

No. KWAP does not send out annual statements to its contributors. However, the KWAP annual reports are distributed to contributing employers.

KWAP employers comprise Statutory Bodies (SB), Local Authorities (LA) and Agencies (AG) with pensionable employees.

Monthly contribution for permanent employees with pensionable status.

17.5% of the employee’s monthly basic salary. (Refer to Section 8 (1) of the Statutory and Local Authorities Pensions Act 1980 (Act 239).)

Example:

Basic Salary   
Cost of living allowance (COLA)
Housing allowance
Civil service allowance
Total emolument
Monthly contribution

RM1,867.03

: RM   300.00
: RM   300.00
: RM   160.00
: RM2,627.03
 
: RM1,867.03 x 17.5% 
  RM     326.73

a. Electronic (EFT/TT/RENTAS)
b. Cheque

Investment

The KWAP Act permits investments based on asset allocation for domestic and international exposure such as equities, fixed income securities, money market instruments and other forms of investment that have been reviewed by the Investment Panel and gained the Board’s approval. KWAP’s investments also support ESG and Shariah compliance.

General

KWAP’s main activity is managing contributions to and investments of the Fund as well as the management of pension payments.

No. At the moment KWAP operates from its main office in Kuala Lumpur while its Pension Services operates from the Cyberjaya office, which is strategically located close to the Government offices.

For general information and public relations, please write to corpaffairs@kwap.gov.my or contact our front desk at +603 2174 8000.

Questions on pension-related information and other queries may be directed to mypesara@kwap.gov.my or the MyPesara careline at +603 8887 8777.

Pension Services

Since the end of 2015, KWAP has acted as an agent of the Federal Government for the purpose of pension payments, gratuities or other benefits granted under any written law from the Consolidated Fund in such manner as may be agreed between the Federal Government and KWAP, while pension policies are managed by the Public Services Department.

Contribution

KWAP only manages contributions from permanent government staff with pensionable status and who are in service with Regulatory Bodies and Local Authorities, while the EPF (KWSP) manages contributions from private sector employees and government employees who have opted to contribute to the EPF.

No, at the moment KWAP does not give out dividends on the monthly contributions of its members.

No. KWAP does not send out annual statements to its contributors. However, the KWAP annual reports are distributed to contributing employers.

KWAP employers comprise Statutory Bodies (SB), Local Authorities (LA) and Agencies (AG) with pensionable employees.

Monthly contribution for permanent employees with pensionable status.

17.5% of the employee’s monthly basic salary. (Refer to Section 8 (1) of the Statutory and Local Authorities Pensions Act 1980 (Act 239).)

Example:

Basic Salary   
Cost of living allowance (COLA)
Housing allowance
Civil service allowance
Total emolument
Monthly contribution

RM1,867.03

: RM   300.00
: RM   300.00
: RM   160.00
: RM2,627.03
 
: RM1,867.03 x 17.5% 
  RM     326.73

a. Electronic (EFT/TT/RENTAS)
b. Cheque

Investment

The KWAP Act permits investments based on asset allocation for domestic and international exposure such as equities, fixed income securities, money market instruments and other forms of investment that have been reviewed by the Investment Panel and gained the Board’s approval. KWAP’s investments also support ESG and Shariah compliance.

Subsidiaries

PRIMA EKUITI (UK) LIMITED

KWEST SDN BHD