MORE USING EPF’S ONLINE PLATFORMS
Employers using e-caruman to settle monthly obligations
FARAH ADILLA KUALA LUMPUR firstname.lastname@example.org
THE Employees Provident Fund (EPF) has reported that 426,675 employers recorded having submitted their Form A online through the e-Caruman facility as at March 31, involving RM5.24 billion.
This is in line with EPF’s initiatives to reduce manual transactions with employers.
In a statement yesterday, EPF said out of this amount, a total of 132,708 employers had remitted their contribution payments online, amounting to RM2.14 billion.
EPF chief executive officer Datuk Shahril Ridza Ridzuan said the e-Caruman portal was designed to process high volume of data and it was equipped with the FPX system that allowed employers to make real-time debiting of contribution payments at zero transactional cost.
“To facilitate and enable a secure and efficient real-time transaction processing of employees’ contribution details, EPF has ceased printing and sending out the manual Form A to employers effective Jan 1 this year.”
He said the increase in the number of newly-registered members every quarter was the basis for employers to leverage on e-Caruman for their monthly obligation.
The total number of EPF members increased 1.54 per cent to 14.91 million in first quarter (Q1) of this year from 14.69 million in the Q1 2016, out of which 6.92 million, or 46.40 per cent, were active members.
The number of newly-registered members rose 3.54 per cent to 153,844 in Q1 2017, whereas the number of newly-registered employers reduced 0.06 per cent from 16,256 employers in Q1 2016 to 16,246 in Q1 2017.
EPF said the quarter under review saw other notable increases in its electronic platforms.
It said the usage of i-Akaun increased 31.35 per cent to 6.16 million ending March 31, 2017 from 4.7 million in Q1 2016, while visitor traffic to the myEPF portal during the same quarter increased 4.63 per cent to 6.71 million in Q1 2017 from 6.41 million in the corresponding period last year.
EPF said the wide array of eservices now available attributed to the 20.25 per cent reduction in the number of visitors to EPF’s service counters nationwide from 1.17 million in Q1 2016 to 929,729 in Q1 2017.
“At a time when online services are on the rise, the reduction of visitors to EPF counters is testament to the success of our eservice platforms which have offered members greater convenience and ease of transaction.
“We will continue to actively explore new ways to enhance the online experience, as well as to invest in technologies which can help us keep operating costs low,” said Shahril.
Meanwhile, EPF said the Q1 2017 operations results reported that a total of 36,707 members, accounting for RM2.67 billion allocation, had switched from Simpanan Konvensional to Simpanan Shariah, thus increasing the total number of members who had made the switch to 671,744 from the closing date of Simpanan Shariah 2017 on December 23, 2016.
Registration for Simpanan Shariah is ongoing, and members who wish to register for Simpanan Shariah beginning January 1, 2018 may do so until December 24, 2017.
EPF said total contributions received ending March 31, 2017 increased 2.97 per cent year-onyear to RM17.36 billion from RM16.86 billion in Q1 2016, bringing the total accumulated members’ contributions to RM708.14 billion.
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