Armed Forces Fund Board

{{Short description|Malaysian pension fund}}

{{Infobox company|

| name = Lembaga Tabung Angkatan Tentera
Armed Forces Fund Board

| logo = LTAT logo 2023.png

| logo_size =

| image =

| image_caption =

| type = Statutory body

| company_slogan = Wira Kami, Kebanggaan Kami

| jurisdiction = Government of Malaysia

| location = Chulan Tower
No.3, Jalan Conlay, Kuala Lumpur, Malaysia

| employees = 350

| foundation = {{Start date and age|df=yes|1972|08}}

| industry = {{plainlist |

• Pension fund
• Investment management

}}

| parent_agency = Ministry of Defense

| products =

| revenue = {{nowrap|{{increase}} RM13.1 billion (2016){{cite web |title=Annual Report 2016 |url=https://www.ltat.org.my/borg/LTATAnnualReport2016e.pdf |date=2016-12-31 |publisher=Armed Forces Fund Board |accessdate=2019-01-05}}}}{{ref label|Conso|a|1}}

| operating_income = {{nowrap|{{increase}} RM{{0|0}}1.7 billion (2016)}}{{ref label|Conso|a|1}}

| net_income = {{nowrap|{{increase}} RM{{0|0}}1.2 billion (2016)}}{{ref label|Conso|a|1}}

| assets = {{nowrap|{{increase}} RM89.1 billion (2016)}}{{ref label|Conso|a|1}}

| equity = {{nowrap|{{increase}} RM18.8 billion (2016)}}{{ref label|Conso|a|1}}

| num_employees =

| key_people = {{plainlist |

• YBhg.General Tan Sri Dato’ Sri Azizan bin Ariffin (Retired) (Chairman)
• Encik Mohammad Ashraf bin Md Radzi (CE)

}}

| subsid = {{unbulleted list|Boustead Holdings Berhad|Affin Holdings Berhad}}

| homepage = {{url|www.ltat.gov.my}}

| footnotes = {{Note label|Conso|a|1}}Consolidated figures including results, assets, liabilities and equity of subsidiaries of the fund.

}}

The Armed Forces Fund Board{{cite news |title=Armed Forces Fund Board gets new chief executive officer |url=https://www.thestar.com.my/news/nation/2018/09/08/armed-forces-fund-board-gets-new-chief-executive-officer/ |newspaper=The Star |date=2018-09-08 |accessdate=2019-01-05}} (also commonly known by its Malay name Lembaga Tabung Angkatan Tentera and LTAT in short) is a statutory body which manages the pension fund for certain members of the Malaysian Armed Forces. LTAT was established in August 1972 by the Armed Forces Fund Act (also known as the Tabung Angkatan Tentera Act). The fund is considered the smallest among Malaysian government-linked investment companies,{{cite news |title=The Year Ahead: 10 things to look out for |url=http://www.theedgemarkets.com/article/year-ahead-10-things-look-out |last=Lee |first=Esther |newspaper=The Edge |date=2018-12-31 |accessdate=2019-01-05}} and owns controlling stakes in several public listed companies in Malaysia, including Boustead Holdings and Affin Holdings. It is overseen by the Ministry of Defence.{{cite news |title=Minister: Lower LTAT dividend due to domestic equity market volatility |url=https://www.malaymail.com/s/1702135/minister-lower-ltat-dividend-due-to-domestic-equity-market-volatility |agency=Bernama |newspaper=Malay Mail |date=2018-12-11 |accessdate=2019-01-05}}

For officers, participation in the fund is voluntary, with no contribution towards their accounts by the Government of Malaysia.{{cite web |title=General Questions |url=https://www.ltat.gov.my/en/contribution/f-a-q/general-question.html |publisher=Armed Forces Fund Board |accessdate=2019-01-05}}{{primary source inline|date=February 2019}} Armed forces members of other ranks (compulsory contributors) are required to contribute a portion of their monthly salary to LTAT, with the government contributing as employer. A compulsory non-pensionable contributor receives his/her retirement benefit in the form of a lump sum payment when he dies (next-of-kin), retires or is discharged from service, or reaches the age of 50.{{cite web |title=Withdrawal Scheme |url=https://www.ltat.gov.my/en/contribution/f-a-q/withdrawal-scheme.html |publisher=Armed Forces Fund Board |accessdate=2019-01-05}}{{primary source inline|date=February 2019}} A compulsory pensionable contributor receives his/her retirement benefit on his/her death (next-of-kin), retirement or reaching the age of 50 in the form of a lump sum payment of his/her contribution, while the government-contributed portion is transferred to Retirement Fund (Incorporated) (the civil service pension fund) which then administers monthly pension payments. Voluntary members may withdraw their contributions at any time.

The fund had RM10 billion in assets under management at the end of 2017.{{cite news |title=Malaysia's Armed Forces Fund appoints new CEO |url=https://www.asiaasset.com/news/AmlizanLTAT_gte_0918.aspx |last=Goh |first=Thean Eu |date=2018-09-10 |accessdate=2019-01-05 |newspaper=Asia Asset Management}}