Only 10 Pct Of Former Teachers Have Retrieved Unclaimed KWSG Contributions
GENERAL
By Suraidah Roslan
KUALA LUMPUR, April 21 (Bernama) -- Only 10 percent of former teachers who contributed to the Teachers Provident Fund (KWSG) between 1962 and 1972 have come forward to retrieve their unclaimed money from the Accountant General's Department as of April 2025.
Tun Hussein Onn Teachers' Foundation (YGTHO) chief executive officer, Zahiruddin Mohammad Hanif, said this figure represents 185 former teachers or their heirs who have made claims.
As a result, the unclaimed funds under the Unified Teachers Service (UTS) scheme have decreased to RM11.7 million from RM13.58 million in 2018, he said.
'Since the announcement in 2018, not many heirs have come forward. Out of 1,910 contributors, 1,725 have yet to make a claim. So far, fewer than 200 individuals have come forward, which is only about 10 percent.
'The contributors were UTS teachers who served between 1962 and 1972. They are not recipients of government pensions,' he told Bernama.
He dismissed recent claims circulating online that the unclaimed KWSG contributions of former UTS teachers have reached RM135 million.
Zahiruddin explained that contributions categorised as unclaimed funds remain with the Accountant General's Department, and may still be retrieved at any time.
Commenting on the delay in claims, he said many families were unaware their relatives had contributed to the KWSG and outdated contact information makes it difficult for the foundation to reach them.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
2 hours ago
- The Star
Pakistan hopes to advance Asean partnership status: Envoy
A tourist vehicle drives through a deserted road in Pahalgam in Indian controlled Kashmir, Thursday, May 15, 2025. Malaysia has offered to mediate in the wake of the April 22 attack in Pahalgam, Indian-administered Kashmir, which left 26 people dead and sharply raised tensions between the two neighbours. - AP KUALA LUMPUR: Pakistan is hoping to elevate its standing with Asean from a sectoral dialogue partner to a full dialogue partner, said its High Commissioner to Malaysia, Syed Ahsan Raza Shah. Syed Ahsan said Pakistan, Asean's sectoral dialogue partner since 1993, has long valued its engagement with the regional bloc and looks forward to deepening cooperation. "The matter has been discussed between the Prime Minister of Pakistan and the Prime Minister of Malaysia,' he said at a media briefing here, Friday (June 6). He added that Pakistan views Asean as a key platform for promoting regional peace and stability, fostering economic cooperation, and advancing shared development. In October last year, media reports quoted Prime Minister Datuk Seri Anwar Ibrahim as saying that Pakistan has Malaysia's full support in its bid to become a full dialogue partner of Asean. Meanwhile, Pakistan also Anwar's offer to mediate in the Kashmir conflict, citing his respected standing and close ties with both India and Pakistan as key to easing tensions in the region. Syed Ahsan said Anwar's good relations with the leadership of both countries could play a constructive role in easing tensions between the South Asian neighbours. "Anwar expressed his willingness to engage in dialogue between the two countries after being informed of the postponement of the Pakistani Prime Minister's visit on May 9,' he said. Syed Ahsan highlighted that the call between Anwar and Pakistani Prime Minister Shehbaz Sharif had taken place in the first week of May, just days before fighting broke out in Kashmir. On May 5, Malaysia's offer to mediate comes in the wake of the April 22 attack in Pahalgam, Indian-administered Kashmir, which left 26 people dead and sharply raised tensions between the two neighbours. Following the incident, Anwar expressed Malaysia's willingness to assist in de-escalating the situation, citing its good relations with both parties. - Bernama
Daily Express
4 hours ago
- Daily Express
Ringgit likely to trade within RM4.22-RM4.23 against greenback next week
Published on: Saturday, June 07, 2025 Published on: Sat, Jun 07, 2025 By: Bernama Text Size: The ringgit ended the week higher against the US dollar, closing at 4.2270/2360 on Friday from 4.2530/2605 a week earlier. Kuala Lumpur: The ringgit is likely to trade around RM4.22 to RM4.23 next week, said an analyst. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said that next week multiple United States (US) economic data will be out, namely the US Consumer Price Index (CPI) and Producer Price Index (PPI) for the month of May which plays a key role in shaping the market. Advertisement 'While the data might show deceleration in inflation rate, the US Federal Reserve is likely to stay cautious as it is wary about the potential inflationary pressures arising from the tariff shocks. 'Already, responses from the US Institute for Supply Management (ISM) Index survey indicated that businesses have become more pessimistic as the higher tariffs have affected the supply chains and resulted in higher operating costs,' he told Bernama. The ringgit ended the week higher against the US dollar, closing at 4.2270/2360 on Friday from 4.2530/2605 a week earlier. The local note traded mostly higher against a basket of major currencies. Advertisement The ringgit rose vis-à-vis the Japanese yen to 2.9324/9390 from 2.9531/9585 and inched higher against the British pound to 5.7212/7334 from 5.7284/7385 a week earlier. However, it depreciated versus the euro to 4.8268/8371 at Friday's close from 4.8169/8254 at the end of last week. The ringgit traded mostly higher against ASEAN currencies. The local note improved against the Singapore dollar to 3.2862/2934 on Friday from 3.2938/3002 the previous week, edged higher versus the Indonesian rupiah to 259.5/260.2 from 260.4/261.1 and stronger vis-a-vis the Philippine peso to 7.58/7.60 from 7.62/7.64 a week before, However, it weakened versus the Thai baht to 12.9599/9947 from 12.9507/9790 last week. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Malay Mail
4 hours ago
- Malay Mail
Ringgit eyes stability next week as markets await US CPI, PPI
KUALA LUMPUR, June 7 — The ringgit is likely to trade around RM4.22 to RM4.23 next week, said an analyst. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said that next week multiple United States (US) economic data will be out, namely the US Consumer Price Index (CPI) and Producer Price Index (PPI) for the month of May which plays a key role in shaping the market. 'While the data might show deceleration in inflation rate, the US Federal Reserve is likely to stay cautious as it is wary about the potential inflationary pressures arising from the tariff shocks. 'Already, responses from the US Institute for Supply Management (ISM) Index survey indicated that businesses have become more pessimistic as the higher tariffs have affected the supply chains and resulted in higher operating costs,' he told Bernama. The ringgit ended the week higher against the US dollar, closing at 4.2270/2360 on Friday from 4.2530/2605 a week earlier. The local note traded mostly higher against a basket of major currencies. The ringgit rose vis-à-vis the Japanese yen to 2.9324/9390 from 2.9531/9585 and inched higher against the British pound to 5.7212/7334 from 5.7284/7385 a week earlier. However, it depreciated versus the euro to 4.8268/8371 at Friday's close from 4.8169/8254 at the end of last week. The ringgit traded mostly higher against Asean currencies. The local note improved against the Singapore dollar to 3.2862/2934 on Friday from 3.2938/3002 the previous week, edged higher versus the Indonesian rupiah to 259.5/260.2 from 260.4/261.1 and stronger vis-a-vis the Philippine peso to 7.58/7.60 from 7.62/7.64 a week before, However, it weakened versus the Thai baht to 12.9599/9947 from 12.9507/9790 last week. — Bernama
