Employees Plundering Funds

Lembaga Tabung Angkatan Tentera ("LTAT"), the company that manages the Armed Forces Superannuation Fund recently declared a dividend of 16% for the year 2007. EPF, however, declared a dividend of 5.8%.

Check this out.

Dividend Year 2007; EPF 5.80%, LTAT 16%
Dividend Year 2006; EPF 5.15%, LTAT 15%
Dividend Year 2005; EPF 5.00%,
Dividend Year 2004; EPF 4.75%, LTAT 15.75%
Dividend Year 2003; EPF 4.50%, LTAT 10%
Dividend Year 2002; EPF 4.25%

I cant find some of the years where LTAT declared their dividends, but you'll get the picture.

Result speaks for itself. Which of these two fund managers are more efficient, profit-driven and acts for the benefit of their beneficiaries? Yeah, I personally thinks that LTAT fund managers should be managing our EPF too. Don't you want to retire comfortably?

*EPF used to be consistently giving out dividends of 8.5% between 1983-1987 and highest dividend payout before the dip was 6.84% in 1999. If you have not known, EPF is only obligated to provide 2.5% dividends (as per Section 25 of the Employees Provident Fund Act 1991).