KUALA LUMPUR: Employees Provident Fund (EPF) Chairman Tan Sri Samsudin Osman remained tight-lipped on the 2018 potential figures for dividend payout.
“I myself wouldn’t know as they are still tabulating what the figures are going to be,” he told reporters after the launch of a book ‘Who Says I am Retired?’ by University of Malaya’s Social Wellbeing Research Centre (SWRC) at the university here today.
“You can imagine the market condition, at what level ... I cannot say, I can’t give the answer... we have to look what happened last year to know whether it is good or bad.”
He said the figures would be based on the domestic as well as regional market factors, similar to the previous years.
The book is a compilation of mini autobiographies featuring senior civil servants, corporate leaders and academicians sharing thoughts on retirement.
SWRC, formerly known as Social Security Research Centre, is an institute financed by an EPF endowment fund.
EPF, with about 14 million members as of September last year, declared a dividend rate of 6.9 per cent for conventional savings for 2017, the highest since 1996, amounting to a payout of RM44.15 billion.
Meanwhile, the Shariah-compliant segment of the fund declared a 6.4 per cent profit sharing for 2017.
EPF’s gross investment income for 2017 was RM53.14 billion with a total investment asset of RM791.48 billion as of end-December 2017. -- BERNAMA