• Talent Retention
  Employers get to retain talents by rewarding loyal employees.
   

• Rights to Contribution
  Employers have the assurance that they have the right to claw back their contributions if the employee decides to leave before the vesting period.
   

• Tax Deductions
  Employers are allowed tax deductions on contributions to PRS made on behalf of their employees up to 6% to 7% of employees’ remuneration.
   

• Free Personal Accident Insurance/Takaful Coverage
  Public Mutual PRS members aged between 18-59 are eligible for a free personal accident Insurance/ Takaful coverage (subject to terms and conditions).
   

• Money in PRS is Protected from Creditors
  All members’ benefits/ money in PRS are protected from creditors as stipulated in Section 139ZA of the Capital Markets and Services Act (CMSA) 2007.

Public Mutual offers three types of Employer Contributions which are conditional or unconditional via our vesting programme:
 

Immediate Vesting
In Immediate Vesting, the employer’s contribution will be immediately vested to the employee and he/she gains 100% ownership of the contribution as soon as the units are credited into his/her PRS account.
 

Straight Vesting
In Straight Vesting, the employer dictates when an employee can be entitled to his/her PRS contribution. Upon fulfilling the number of years of employment service, all unvested contributions prior to the vesting date and subsequent contributions will be immediately vested to the employee.
 

Revolving Vesting
In Revolving Vesting, the vesting schedule repeats itself after the completion of every vesting condition. This means, the contribution sum would be vested with employees upon completion of every X years of employment service.
 

The vesting terms can be customised to fit the employer’s needs.
 

Through the salary deduction option, employers can provide payroll deduction facility for their employees to contribute to their retirement nest egg on top of their mandatory EPF contribution. Employees will be determining the amount to be deducted from their salary every month. Employees who opt to contribute to PRS through salary deduction will enjoy the following benefits:

• Free personal accident Insurance/Takaful coverage of up to RM100,000 (subject to terms and conditions)
• Personal tax relief of up to RM3,000*

*Inclusive of contribution to Deferred Annuity (if any)