There has been a circulation of chain mail regarding EPF members whom have turned 55 have to renominate their beneficiary. Just like most chain mails, this is just SPAM!
In response to this mail, the GM of public relations released a statement on the KWSP website that only members who have made an age 55 withdrawal before the 1st February 2008 needs to perform a renomination of their beneficiary and for members whom have made their age 55 withdrawal after the stated date remains valid.
Do your research before forwarding chain mails to avoid unnecessary panic.
Cheers~!!
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The Employees Provident Fund (EPF) would like to stress that the nomination of EPF members who have reached the age of 55 remains valid. This clarification comes in response to the recent chain email that claimed nominations of EPF members who have turned 55 are void and that they have to renominate.
We would like to clarify that an EPF member only has to renominate his or her beneficiary upon turning 55 years of age if he or she had made an Age 55 Withdrawal before 1 February 2008. Therefore, if this member were to continue to contribute to the EPF, he or she would need to make a new nomination.
For EPF members who have made Age 55 Withdrawal after 1 February 2008, their nomination continues to be valid unless a new nomination is made to replace the earlier one. This also applies to members who are 55 years of age but have not made the said withdrawal.
We hope that this statement will put to rest any confusion regarding this issue. The EPF wishes to assure its members that their nomination is safe and secure.
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