RM500.

00
Private Retirement Scheme (PRS) Youth Incentive
RM500 one-off contribution from the Government, whom accumulated a
minimum gross contribution amount of RM1,000 within a year
For Malaysian youths between 20-30 years old
Valid from 2014 to 2018

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into another documents or other materials without the prior written consent of Public Mutual Berhad.

PRS ISEQF NOV 2015

33

Free Takaful Coverage

Insurance
Company

Syarikat Takaful Malaysia Bhd

Coverage Age

18 -59
coverage will cease at age 60

Eligibility

Minimum NAV of RM5,000 at

any one time (can be
accumulated from various PRS
accounts of Shariah based
series of funds).

Maximum
Coverage

Up to RM100,000 per contributor

Sum Cover

Sum Cover is equal to the NAV of

units held. RM1 coverage for
every RM1 NAV held.

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into another documents or other materials without the prior written consent of Public Mutual Berhad.

PRS ISEQF NOV 2015

34

Benefits to PRC
Direct Commission
RANK

Personal

Personal / Group
Overriding

Total

UTC

2.00%

2.00%

UTC-AS

2.00%

0.29%

2.29%

UTC-AM/CM

2.00%

0.47%

2.47%

UTC-GAM/SCM

2.00%

0.60%

2.60%

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into another documents or other materials without the prior written consent of Public Mutual Berhad.

PRS ISEQF NOV 2015

35

Benefits to PRC
Career Benefit
PSNAV
(All Rank)

CB rate
(Based on
PSNAV)

PSNAV
(All Rank)

CB rate
(Based on
PSNAV)

First 3 mil (3)

0.2100%

Next 10 mil (45)

0.2700%

Next 3 mil (6)

0.2200%

Next 10 mil (55)

0.2800%

Next 4 mil (10)

0.2300%

Next 10 mil (65)

0.2900%

Next 5 mil (15)

0.2400%

Next 15 mil (80)

0.3000%

Next 10 mil (25)

0.2500%

Next 20 mil (100)

0.3100%

Next 10 mil (35)

0.2600%

Thereafter (>100)

0.3200%

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into another documents or other materials without the prior written consent of Public Mutual Berhad.

PRS ISEQF NOV 2015

36

Benefits to PRC
Career Benefit
Rank
(Based on GSNAV)

Group CB

UTC-AS

0.0400%

UTC-AM/CM

0.0600%

UTC-GAM/SCM

0.0800%

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into another documents or other materials without the prior written consent of Public Mutual Berhad.

PRS ISEQF NOV 2015

37

Introduction to Vesting Scheme

(For Employers)

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into another documents or other materials without the prior written consent of Public Mutual Berhad.

PRS ISEQF NOV 2015

38

What is VESTING?
Vesting is where an employer makes
contributions on behalf of employees as
indicated in a Vesting Schedule.
The employer has the option to allow the
employees to access the contributions
immediately or after fulfilling the
determined no. of years of employment
service
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PRS ISEQF NOV 2015

39

Vesting Scheme: Straight Vesting

Straight Vesting
The employees will gain 100%
ownership after a specific period
of service has been fulfilled.
Otherwise, the employees will
not be entitled to receive the
contributions made by the
employer on their behalf.
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into another documents or other materials without the prior written consent of Public Mutual Berhad.

PRS ISEQF NOV 2015

40

Sample: Straight Vesting Scheme

For illustration purpose only*
Year End

Annual
Contribution
(Employer) - RM

5,000

5,000

5,000

5,000

5,000

NAV/U RM

0.50

0.50

0.50

0.50

0.50

Units Allocated

10,000

10,000

10,000

10,000

10,000

Total Units

10,000

20,000

30,000

40,000

50,000

Vesting %

0%

0%

0%

0%

100%

50,000

Vested Units
(Employee)

* The above table is for illustration purpose only. Sales charge, PPA fee etc. are not included.
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into another documents or other materials without the prior written consent of Public Mutual Berhad.

PRS ISEQF NOV 2015

41

Vesting Scheme: Revolving Vesting

Revolving Vesting
The vesting period starts all
over again once the first
terms of vesting are met.

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PRS ISEQF NOV 2015

42

Sample: Revolving Vesting Scheme

For illustration purpose only
Vesting Term: Every 2 Years
Year End

Annual
Contribution
(Employer) - RM

5,000

5,000

NAV/U RM

0.50

0.50

Units Allocated

10,000

10,000

Total Units

10,000

20,000

Vesting %

0%

100%

20,000

Vested Units
(Employee)

3
S
T
A
R
T
O
V
E
R

5,000

5,000

0.50

0.50

10,000

10,000

10,000

20,000

0%

100%

20,000

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into another documents or other materials without the prior written consent of Public Mutual Berhad.

S
T
A
R
T

5,000
0.50
10,000

O
V
E
R

10,000
0%
0

PRS ISEQF NOV 2015

43

Sub-Accounts
Unvested units are reflected only in sub-account A
Vested units are maintained in two separate subaccounts:
Sub-account A holds 70% of all contributions
made, reflected in units
Sub-account B holds 30% of all contributions
made, reflected in units.

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PRS ISEQF NOV 2015

44

Benefits for employers

Tax Relief

Promote loyalty
amongst
employees

Attract
employees

Retain
employees

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into another documents or other materials without the prior written consent of Public Mutual Berhad.

PRS ISEQF NOV 2015

45

Contribute to PRS-ISEQF
You can choose to retire with PEACE OF MIND

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PRS ISEQF NOV 2015

46