KUALA LUMPUR, Feb 22 — The Lembaga Tabung Angkatan Tentera (LTAT) will pay out a new record high of dividends and bonus at a rate of 15 per cent, or RM835.1 million for the financial year ended December 31, 2014.
Defence Minister Datuk Seri Hishammuddin Hussein said the payout is a 2.1 per cent increase compared to the RM818.3 million paid out in 2013.
The LTAT was formed 42 years ago.
“The 15 per cent comprises normal dividend of seven per cent, bonus (one per cent) and special bonus (seven per cent) in the form of free unit trusts for active members,” he said in a statement here today.
Hishammuddin also said the rate of dividends and bonus over the past five years had averaged 15.2 per cent.
“Based on the unaudited financial statement for the financial year ended December 31, 2014, LTAT had posted a profit of RM1.014 billion, an increase of 4.9 per cent compared to the RM967 million previously.
“This is the first time too that the profit had breached the RM1 billion mark since the formation of the LTAT.
“As of December 31, 2014, LTAT’s total assets increased 2.2 per cent to RM9.4 billion compared to the RM9.2 billion the previous year. The members’ contribution stood at RM8.7 billion in contrast to RM8.3 billion in 2013,” he added.
LTAT also paid out RM985.8 million to 7,031 contributors upon completion of their service and RM18.8 million to 2,568 members who were eligible to purchase houses under the Housing Withdrawal Scheme.
In addition, RM8.6 million was paid to 244 contributors under the Death and Disability Benefits Scheme, of which RM5.3 million went to 195 dependents of deceased members as death benefits and RM1.5 million to 49 members as disability benefits.
Hishammuddin said he was satisfied with the performance and achievements of the LTAT for 2014 and expressed confidence that it would be enhanced. — Bernama
