Malaysian retirement plan for the private and public sectors. Employees Provident Fund (EPF) Act of 1991 made it law. Employees save a portion of their salary for retirement, disability, sickness or unemployment. Employees are required to save a minimum of 11% of their paycheck, with their employers adding a minimum of an additional 12%, as of 2007. At age 50, employees withdraw 30% of their accumulated EPF savings , and at age 55, 100%. The EPF invests these monies widely, and the reinvested dividends pay off the participating employees.

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