{"id":30800,"date":"2017-08-04T15:40:14","date_gmt":"2017-08-04T07:40:14","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=30800"},"modified":"2019-12-03T10:16:05","modified_gmt":"2019-12-03T02:16:05","slug":"just-like-epf-prs-nominations-supersede-wills","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/just-like-epf-prs-nominations-supersede-wills","title":{"rendered":"Just Like EPF, PRS Nominations To Supersede Wills"},"content":{"rendered":"<p>Private retirement scheme (PRS) contributors are now able to nominate who will facilitate and expedite the withdrawal of their PRS balance in the event of their demise.<\/p>\n<p>This means the nomination will supersede any will, just like contributions made to the Employees Provident Fund (EPF).<\/p>\n<p>This initiative kicked off in August 1 and is part of a campaign by Private Pension Administrator (PPA) to roll out more campaigns and introduce value-added services, part of an initiative to encourage Malaysians to save for their retirement.<\/p>\n<p>On a separate note, PRS has hit a quarter of a million members, with incentives offered by the government such as annual tax relief as one of the main reasons.<\/p>\n<p><em><a href=\"http:\/\/www.thestar.com.my\/news\/nation\/2017\/08\/01\/prs-hits-250k-members\/\">[Source]<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Take note!<\/p>\n","protected":false},"author":29,"featured_media":24723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[216,240],"tags":[340],"class_list":["post-30800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates","category-retirement-planning","tag-epf"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Now, PRS Contributors Can Name 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