Where's the employees' involvement in EPF?
The Employees’ Provident Fund (EPF) was set up to ensure that employees within the private sector would be able to retire with a nest egg - to tide them over their retirement years. At the time in which the fund was set-up, life expectancy was around 55 years. Since then, things have evolved, where apart from increased life expectancy, the functioning and nature of the EPF fund has fundamentally changed.