The Employees' Provident Fund (EPF) Board declared that it recorded its highest ever earnings last year. In fact it achieved RM20bil gross income last year, up 9.36% from RM18.29bil recorded previously. [The Star]
Yet for the year 2007, the EPF declared a 5.8% dividend, whereas for last year (2008) we had a dividend of 4.5%. That works out to be over 20% drop in terms of dividend between 2007-2008. This was in spite of EPF achieving its highest ever earnings in 2008.
I'd probably only get to touch the bulk of my money in the EPF when I retire many years from now, but I really wonder what the dividend will be like when its announced again at around this same time next year.
Scary!
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