Thursday, May 16, 2013

50th Golden Anniversary of EPF


Golden eggs for the golden years. The Employees Provident Fund (EPF) is a statutory organisation responsible for providing financial security in the form of savings for its members upon their retirement.

Mandatory contributions by both members and their employers are to be made on a monthly basis, based on specified rates on the monthly wages of the employees. The EPF ensures that the savings are secure and receive reasonable dividends.

EPF members can withdraw their savings for retirement at the age of 55. Prior to that, members are also allowed to withdraw part of their savings, for housing, healthcare and other approved purposes.

This stamp issue is to commemorate EPF Golden Jubilee in 2001.

TECHNICAL DETAILS

Date of Issue : 1 Oct 2001
Postmark : Kuala Lumpur
Denomination : 30 sen, 50 sen and RM1
Stamp Size : 38mm x 28mm
Paper : SPM Watermarked, Phosphor Coated
Printing Process : Lithography

A LIL' NOTE

To find out more on the EPF, or to access your i-Akaun, click here.

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