Public Mutual Berhad
Go to...
  • Invest Now
  • Our Products
    • Unit Trust
    • Shariah-based Unit Trust
    • e-Series of Funds
    • EPF Investment
    • Private Retirement Scheme
    • Our Funds
  • Menu
    • Home
    • About Our Funds
    • Financial Planning Services
    • Exclusive Privileges
    • Promotion
    • Learning Hub
    • Announcement
    • Corporate
    • Join Us
    • Cybersecurity Awareness
    • Downloads
Select the search type
Search Search
Public Mutual Berhad
  • Invest Now
  • Our Products
    • Unit Trust
    • Shariah-based Unit Trust
    • e-Series of Funds
    • EPF Investment
    • Private Retirement Scheme
    • Our Funds
  • Menu
    • Home
    • About Our Funds
    • Financial Planning Services
    • Exclusive Privileges
    • Promotion
    • Learning Hub
    • Announcement
    • Corporate
    • Join Us
    • Cybersecurity Awareness
    • Downloads
New Investor PMO Registration PMO Login Corporate PMO UTC Connect

Select the search type
Search Search

Sub Banner_EPF Investment

Private Retirement Scheme

PRS Vesting Programme


Private Retirement Scheme (PRS) Vesting Programme for Employers is a scheme that can help employers boost their compensation package by offering to contribute to their employees’ retirement fund on top of the mandatory Employees Provident Fund (EPF) contribution. While EPF contributions are vested immediately with the employees, the vesting of PRS funds can be customised based on the employers’ preference.


 

Benefits of Public Mutual PRS Vesting Programme

FOR EMPLOYERS
 
  • 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.
     

FOR EMPLOYEES
 
  • 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.

EMPLOYER CONTRIBUTIONS

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.
 

STRAIGHT VESTING VESTING
Less than X number of years 0%
Employer contribution will be fully vested on completion of X number of years. 100%
All contributions after the vesting period will be immediately vested with the employee. 100%


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.
 

REVOLVING VESTING VESTING
Less than X number of years 0%
Employer contribution will be fully vested on completion of every X number of years. 100%


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

SALARY DEDUCTION OPTION

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)

PRS Vesting Brochure PRS Vesting Tablemat
ENGLISH CHINESE BAHASA MELAYU ENGLISH
You might be interested in
  • Private Retirement Scheme
  • EPF Investment
  • Fund Prices
  • Insurance/Takaful
  • Investment Top Up
  • New Investor/Open Account

Need Help? 


Visit Us


Email Us

Drop us a mail at customer@publicmutual.com.my

Branches/Customer Service Centres




Customer Service Hotline

Give us a call at +603 2022 5000

Visit Us

Email Us

Drop us a mail at customer@publicmutual.com.my

Branches/Customer Service Centres

Customer Service Hotline

Give us a call at +603 2022 5000


Our Products

  • Unit Trust
  • Shariah-based Unit Trust
  • e-Series of Fund
  • EPF Investment
  • Private Retirement Scheme

About Our Funds

  • Top Performing Funds
  • Fund Performance Chart
  • UT Fund Prices
  • PRS Fund Prices
  • Funds in Focus
  • Fund Report / Fund Fact Sheet

Financial Planning Services

  • Retirement Planning
  • Education Planning
  • Specific Financial Goals Planning
  • Insurance & Estate Planning
  • Regular Investing

Learning Hub

Cybersecurity Awareness

Join Us

  • Business Opportunities
  • Career Prospects

Promotion

  • Campaign Launches  / Campaign Results

Announcement

  • Fund Launching Updates
  • Distribution Updates
  • Notices & Other Updates 

Exclusive Privileges

  • Mutual Platinum
  • Mutual Gold Elite
  • Mutual Gold

Downloads

Corporate 

  • Our Profile
  • Our Mission and Values
  • Code of Ethics
  • Our Track Record
  • Our People
  • Sustainable & Responsible Investing.
  • Shariah Adviser
  • Whistleblowing Policy & Procedure
  • Anti-Bribery and Anti-Corruption Policy
  • Stewardship & Voting Policies
  • Advertising Disclaimer
  • Cross Trade Policy

Website Disclaimer | Investment Disclaimer | Privacy Policy | Privacy Notice | Internet Risk | Contact Us | Quick Access Links | Terms and Conditions of Use

*In terms of total retail fund size managed amongst private unit trust companies and PRS providers in Malaysia.
Copyright © Public Mutual Berhad (197501001842 (23419-A)) ALL RIGHTS RESERVED.

Follow Us