PAC chairman Datuk Nur Jazlan Mohamed (left) shakes hand with EPF CEO Datuk Shahril Ridza Ridzuan at the Parliament yesterday. (PIC: Bernama)KUALA LUMPUR: The Employees Provident (EPF) has been hailed as a “success story” by the Public Accounts Committee (PAC). But the Malaysian Trades Union Congress (MTUC) has reminded EPF to maintain high standards of transparency and efficiency in all its undertakings to safeguard contributors’ interests.
“It’s good that EPF has done well but they must continue practising high standards and ensure their investments will promise contributors good returns. As they are investing more abroad, they should look into beefing up their risk management,” said MTUC president Mohd Khalid Atan.
He also said they should device strategic plans for the future and constantly keep the contributors informed over their dealings.
“They have improved over the years and the dividends have increased. I hope by year end the pay out to the contributors would also increase substantially.”