tag:blogger.com,1999:blog-5259380939431316186.post3337733535751575007..comments2023-02-17T16:45:10.290+08:00Comments on USIM-Actuarial Finance: EPF Conversion to PensionMohamad Ali Hassanhttp://www.blogger.com/profile/03389810718318087058noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5259380939431316186.post-90423266411053871422009-01-28T12:07:00.000+08:002009-01-28T12:07:00.000+08:00The golden handshake is an amount given to a gover...The golden handshake is an amount given to a government employee at retirement, in addition to the gratuity and monthly pension. The amount is equal to his/her last drawn salary (computed on a daily basis) multiplied by the number of days of leave that he/she did not take during the service. These number of days of leave that were not taken (due to exigencies of service) were accumulated over the entire service, and must not exceed 150 days.<BR/><BR/>It is not the same as giving the pensioner a lump sum payment. Pensioners in the government service receive a gratuity and the golden handshake in the form of a lump sum, and also receive monthly pension. <BR/><BR/>Details about this can be obtained from the following portal: http://www.jpapencen.gov.my/english/cash_award.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5259380939431316186.post-71948180381922427072009-01-28T11:35:00.000+08:002009-01-28T11:35:00.000+08:00Salam,Prof Ali.I'm requiring for a further explain...Salam,Prof Ali.I'm requiring for a further explaination of the 'Golden Handshake' scheme upon retirement of a goverment servant.Is the scheme similar or is it what we call giving pensioners their savings in lump sum?Anonymoushttps://www.blogger.com/profile/11228927096940609801noreply@blogger.com