Policy
The Company has established the Minor Group Provident Fund Registered (The Fund) with an intention to support long-term savings by the employee so that he/she may utilize this saving after retirement or resignation from the position.
Conditions
1. The provident fund comprises of the employee’s contribution, the Company’s contribution, and any returns arising from the investment of the Fund according to the Minor Group Provident Fund Registered regulation. The employee’s Contribution will be deducted from the employee’s salary at the salary payment of each month, and will be remitted together with the Company’s Contribution to the Fund Manager for further investment.
2. The employee shall contribute 5% of his/her basic salary into the Fund on a monthly basis upon termination of employment for whatever reasons, the employee will be entitled to his/her contribution plus any returns from such money in full.
3. Upon resignation, the employee will be entitled to Company’s contribution plus earnings based on his membership period as follows: