Comments on: Watch Your EPF Accounts Closely http://www.meshio.com/2009/05/watch-your-epf-accounts-closely/ Premiere Malaysia Personal Finance, Wealth Management, Investment, Insurance and Estate Planning Resources Tue, 07 Sep 2010 02:30:00 +0800 http://wordpress.org/?v=2.9.2 hourly 1 By: yowchuan http://www.meshio.com/2009/05/watch-your-epf-accounts-closely/comment-page-1/#comment-218 yowchuan Fri, 15 May 2009 07:54:33 +0000 http://www.meshio.com/?p=2211#comment-218 Indeed, it's difficult, if not expensive, to build a 100% error-free system. Still, I hope that the entity that is entrusted with the sacred responsibility of ensuring the well-being of the entire nation's workforce retirement fund is keeping their accounts straight with the most stringent protocols they can afford.<br><br>This episode showed how fragile their system is, that they've to rely on the fund contributors to alert them about 'the bug'.<br><br>I am also curious on the actions taken after they've found out about the first occurrence of the bug. Did they run a scan on all existing contributions and identify any other similar omissions or did they took the wait-till-it's-reported approach?<br><br>From 10ha's statement, it seems that his/her company is also facing the same problem. If KWSP had taken pro-active steps to rectify the problem, either my friend's company or 10ha would have been notified about the error, and not having to report it to KWSP manually.<br><br>I could be wrong though. Indeed, it's difficult, if not expensive, to build a 100% error-free system. Still, I hope that the entity that is entrusted with the sacred responsibility of ensuring the well-being of the entire nation's workforce retirement fund is keeping their accounts straight with the most stringent protocols they can afford.

This episode showed how fragile their system is, that they've to rely on the fund contributors to alert them about 'the bug'.

I am also curious on the actions taken after they've found out about the first occurrence of the bug. Did they run a scan on all existing contributions and identify any other similar omissions or did they took the wait-till-it's-reported approach?

From 10ha's statement, it seems that his/her company is also facing the same problem. If KWSP had taken pro-active steps to rectify the problem, either my friend's company or 10ha would have been notified about the error, and not having to report it to KWSP manually.

I could be wrong though.

]]> By: eugene http://www.meshio.com/2009/05/watch-your-epf-accounts-closely/comment-page-1/#comment-217 eugene Tue, 12 May 2009 15:47:28 +0000 http://www.meshio.com/?p=2211#comment-217 one thing we must agree is that there bound to be "technical glitch"no matter how sophiscated the system can be, therefore the onus to make sure everything is in order falls on us.... one thing we must agree is that there bound to be “technical glitch”no matter how sophiscated the system can be, therefore the onus to make sure everything is in order falls on us….

]]> By: 10ha http://www.meshio.com/2009/05/watch-your-epf-accounts-closely/comment-page-1/#comment-219 10ha Tue, 12 May 2009 15:19:42 +0000 http://www.meshio.com/?p=2211#comment-219 yeah. my company had the same missing issue for caruman may 2008 & dec 2008! yeah. my company had the same missing issue for caruman may 2008 & dec 2008!

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