KWAP’s Contributors Forum 2023 held today (September 5) by Kumpulan Wang Persaraan (Diperbadankan) [KWAP] has marked a new milestone in the contribution segment as the retirement fund manager has embarked on its journey to embrace the ‘Future of Work’ alongside its contributing partners to ensure contributions are being managed seamlessly, effectively, and sustainably.
It is also a first-of-its-kind platform for its contributors to gather under one roof and learn best practices from one another to empower better support for the contribution ecosystem.
With the theme “Merintis Evolusi Corak Kerja: Antara Cabaran dan Pe/uang” (Future of Work: Challenges and Opportunities), the forum has provided an avenue for the contributing employers to share their experience, insights, and knowledge on emerging trends and challenges of the future of work.
In doing so, employers must manage the verticals of transformation, innovation, and mindset change through the people, process, and technology.
Doing it right, it will lead the employers and their organisations on the right path to transform the way they operate and approach contribution processes.
The forum is aimed to inspire stakeholders and contributing employers to think creatively and innovatively while building ideas and strategies to adapt to changes and embrace digitalisation within their respective organisations.
KWAP CEO, Datuk Hajah Nik Amlizan Mohamed said “In light of KWAP’s transition into a multifaceted organisation within the ever-evolving landscape, it is paramount for us to actively involve our stakeholders to gain insights into their viewpoints, address their concerns, and realign the mutual requirements and expectations for all parties within the ecosystem. This is crucial in paving the way for us as “Your Retirement Companion” through a sustainable contribution as one of the focus areas, which is in line with the Ekonomi Madani vision to create a better quality of life for the Rakyat:’
“Ultimately, we firmly believe that establishing a community of practice, aimed at nurturing dialogue and collaboration between KWAP and its stakeholders, and particularly the contributors in this respect, will serve as a valuable platform for our stakeholders to express concerns, expectations, and ideas. This approach will not only align our objectives with but also enable KWAP to effectively communicate and reiterate its vision and mission;’ she added.
YB Datuk Seri Ahmad Maslan, Deputy Minister of Finance I commented, “Transformation is inevitable and this initiative by KWAP to rally the contributing agencies to embark on the journey towards the future of work should be praised. KWAP has always been steadfast in ensuring that the contribution collection is sustainable through good ecosystem support. This is a true testament of”Your Retirement Companion”to ensure a sustainable retirement journey for the public sector pensioners.’
Through the five pillars of its digital transformation namely digital governance and services, cyber resilience, technology platform, data management, and digital business systems, KWAP is heading towards a progressive governance practice, innovative solutions, and is also looking into automating its workflows and processes. All of these are to ensure efficient access to data, thus empowering better-informed decision-making which will then contribute to the sustainability of the public sector retirement fund.
