By: Zaki Salleh
KUALA LUMPUR – The Employees Provident Fund (KWSP) recently issued a notice urging individuals aged 100 years and above to contact them to claim their contributions.
The statement mentioned that members and heirs of contributors can check their unclaimed balances using their identification cards or membership numbers.
The notice states that if the claims are not made by December 31, the funds will be transferred to Unclaimed Money Management (BWTD), which falls under the Ministry of Finance.
“KWSP would like to clarify that members are allowed to make contributions until the age of 75 and can keep their savings with KWSP until the age of 100.
During this period, members are still eligible to receive dividends on their savings until the savings are transferred to BWTD under the Department of the Accountant General of Malaysia, by Section 51A of the Employees Provident Fund Act 1991.
Therefore, members or their heirs are advised to contact KWSP and withdraw all savings. This is because once the transfer is made, any further claims must be made through BWTD,” it said.
KWSP did not disclose the number of individuals aged 100 and above who are being sought for their unclaimed contributions at this time.
It encourages members or their heirs/recipients to check unclaimed KWSP savings through its website.