By Sim YH
BANDAR SERI BEGAWAN, OCT 31 – The introduction of the National Pension Scheme (SPK) aims to provide enhanced security for members by ensuring they have a reliable source of income during retirement as they move into an important phase of their lives.
At the same time, the Employee Trust Fund (TAP) also actively encourages its members to expand their savings beyond their SPK annuity, either through voluntary contributions or services available outside of TAP.
Those efforts not only address immediate financial needs but they also play an important role in building a stronger and more secure financial future for retirement.
The matter was stated by the Minister in the Prime Minister’s Department (JPM) and Second Minister of Finance and Economy, Yang Berhormat Dato Seri Setia Dr Haji Mohd Amin Liew bin Abdullah as Chairman of the TAP Board in his speech at the Lakastah Bersedia event which took place at The Mall, Gadong, on this.
He stated that the initiative of the event is an ongoing effort by TAP to emphasize the importance of retirement planning and improve the community’s financial literacy.
Completing the Lakastah Bersedia that has been carefully arranged, he commented, emphasizes the importance of holistic retirement planning, especially the need for early preparation before transitioning to retirement.
In the event, key aspects explored include living as a retiree focusing on securing financial independence. In addition, also discussed is how to protect oneself from fraud as well as an exploration into the social dynamics of retirement.
Yang Berhormat Dato in his speech also announced the launch of the Retirement Planning Certification Program which aims to ensure that specific information about TAP schemes and products is delivered by external agencies accurately to the public.
It is not only by delivering accurate information but also to empower its members to make the best decisions for themselves and their loved ones.
