Manager loses Petronas retirement scheme case

July 2, 2010

 

The dissolution of Petronas Retirement Contribution Scheme (PRCS) has been deemed valid and a Petronas employee sought a declaration that the dissolution was unlawful. As PRCS transferred all accrued benefits to the accounts of Employees Provident Fund (EPF), Judicial Commissioner Lee Swee Seng finds the dissolution valid.

 

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