MORE US­ING EPF’S ON­LINE PLAT­FORMS

Em­ploy­ers us­ing e-caru­man to set­tle monthly obli­ga­tions

New Straits Times - - News -

FARAH ADILLA KUALA LUMPUR news@nst.com.my

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.

PIC BY NURSYAHIRAH MARZUKI

The Seri Pu­teri Sym­phonic Winds Or­ches­tra will per­form at the Shah Alam The­atre on July 14 and 15.

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.