EPF MEMBERS BEWARE

Someone has sent me a warning about EPF's latest ruse.

Members' nominations done manually on a card may not be included into the members' file when the whole system was computerised.

What this means it that such members have not made any nomination and as such their money will be unclaimable.

After some time then it is listed as "unclaimed".

Read on the email from a Ms Lim:

Please take the trouble to check your EPF to make sure that your nominated beneficiary is in the record.

These guys in their work are trying to cheat whenevr they can. Its very profitable and easy money for them.

This is a scheme to cheat our hard earned money.

When EPF migrated to the computerised version, the simply THROW AWAY ALL OUR NOMINATION CARDS.

They are TOO LAZY TO MANUALLY ENTER OUR DETAILS into the computerised system..

They claimed that the data is lost. In computer migration from 1 system to another, you will get back all your data.

EPF must have asked a monkey to do it, that's why data is lost.

But interestingly, only nomination data is lost.

When there is no nomination and a contributor dies, no one forward a claim.

After some years, the some one diverts the money to another account and eventually sapu the money into their own pockets.

This is true... Pls have it check out! I went to KWSP and found out my benefiaries gone too! So I have to provide a new nomination.

Some even have all their datas missing! Better check it out before it is too late.

For easier process, pls bring along a photocopy of IC and this could be done immediately with a confirmation copy for ref.

No wonder there are a lot of " Unclaimed " over past 10 years ! Suggest we better random check every year ... please check your EPF norminations!

EPF change new system on 31/12/2006 , guess the conversion missed out the beneficiary file.

I went yesterday with my wife and shock to find out that both our a/cs do not have any beneficiary.

We are very sure that we had personally gone to EPF office together and updated our record and now all the records are gone.

Reason given by the officer was " Saya pun tidak dapat jawab lah,munkin sudah sampai masa kamu check sendiri".

Two of my friends went to check after receiving my e-mail also found the same answer - No record.