Monday, July 13, 2009

About EPF... must read...


If ONE (1) of our Nominee in the EPF Nominees list deceased, automaticallythe whole arrangement (EPF Nominees list) is VOID . Meaning if, you onlyput in One (1) name & unfortunately he/she dies before you – automaticallyEPF will channel your EPF money to trustee of AMANAH RAYA upon your death.Thou if, you DO have few names in the EPF Nominees list still - the wholearrangement is VOID & none of the individual balance name in the EPFNominees list will get their potion & automatically EPF will channel yourEPF money to trustee of AMANAH RAYA upon your death.Piece of advice - if any of the your Nominee in the EPF Nominees listdecease, please do immediately approach the nearest EPF counter & presentthe Death Certificate of the individual & re-instate you NEW / LATESTNominee in the EPF Nominees list + NEW / LATEST percentage ..If, you & the other party (maybe spouse) involved in the same misfortune(accident / illness) that caused death to both yourself / spouse please,please, please alert your siblings / relatives / parents to immediatelyapproach the nearest EPF counter & share the information within 3 days toAVOID all EPF money to be surrender to trustee of AMANAH RAYA .Upon surrender to trustee of AMANAH RAYA, your children will have to battlethe money thru 3 channels;Majlis AgamaPejabat TanahMahkamahThe normal period via above 3 channels usually takes 2-3 years (except ifyou have inside/tip top connection) at Amanah Raya.

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