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News EPF Account 3 to go live on May 11

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stevenryl86
post Apr 25 2024, 03:49 PM

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Joined: Feb 2008
QUOTE(RegentCid @ Apr 25 2024, 03:42 PM)
Starting May 12 - August 31.
You can choose OPT in or no OPT in.

NO OPT IN, means remain same......Account 1 & 2 ...Account 3 will remain zero forever.  EPF money will remain 70% account 1 , 30% account 2.

If you choose OPT In....account 3 automatic take 1/3 amount of your money from Account 2.
*
Opt in for initial transfer from acct2 to acct3. If you don’t opt in, your acct3 will start with zero and upcoming contribution will split to 3 account

Everyone will have account 3!

This post has been edited by stevenryl86: Apr 25 2024, 03:50 PM

 

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