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All HR terms

HR TERMS, EXPLAINED

EPF (Employees' Provident Fund)

A retirement savings scheme that provides long-term financial security to eligible employees.

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EPF is a statutory retirement savings scheme in which eligible employees and employers make contributions according to applicable rules. The accumulated amount helps employees build financial security for their future.

Definitions are general guidance. Your organisation's policies and applicable local requirements determine how a term is used in practice.

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