KOTA SAMARAHAN: Lembaga Tabung Angkatan Tentera (LTAT) or the Armed Forces Fund Board aims to impart financial management skills to members of the Malaysian Armed Forces (MAF) to ensure their financial wellbeing.
LTAT Investment Panel chairman Datuk Maznah Abdul Jalil a sound financial position could secure a more stable retirement for armed forces personnel.
“We will witness the launch of the Financial Literacy Module, a new value-added service designed specifically for LTAT contributors in line with LTAT’s Third Core Strategic Plan (MAMPAN25).
“It is to strengthen the social protection system and focus on expanding the benefits for contributors to address various gaps in their social well-being after retirement,” she said in her speech at the LTAT Contributors’ Week 2023 Financial Literacy Module launched at Bukavu Hall, Penrissen Camp there today.
She said the module delineates two primary goals of raising awareness about the well-being of LTAT contributors and promotes responsible and rational financial behaviour, as well as encourage contributors to save for the future and safeguard themselves against fraud.
“Through this module, contributors can learn where to seek assistance when facing financial problems.
“They can understand how to manage credit and debt responsibly, comprehend the various types of products and services available.
“They can also understand current financial situations, grasp the concept of overall financial well-being, and learn how to create their own financial budget,” she said.
The programme also aims to share insights into the roles of LTAT Group of companies such as Boustead Group, Affin Group, Pharmaniaga Bhd, Pernama, Perhebat, PPHM, and their impacts on LTAT contributors.
The programme will run from Nov 16 to 23 at three military camps in Sarawak, namely Penrissen Camp, Sri Miri Camp and Rascom Camp in Sibu.
