Employee benefits are one of the deciding factors people use to choose a company they want to work with. These benefits may include bonuses, health insurance, incentives, and a provident fund, which is like saving for the pension fund of salary people.

THE SECURITIES and Exchange Commission yesterday clarified the termination of 13 companies’ provident funds that was announced in the Royal Gazette, stating that they were just transferred to other “master pooled” provident funds in a move to provide investment choices to employers.