Nearly 40% of EPF members meet RM390,000 basic savings target, Parliament hears
Nearly 40% of active EPF members in Malaysia have reached the basic savings threshold of RM390,000. The government attributes this progress to new voluntary contribution schemes and initiatives designed to support gig workers and self-employed individuals.
Why it matters
Ensuring adequate retirement savings is critical for Malaysia as it faces an ageing population and rising costs of living.
KUALA LUMPUR: Over three million active Employees Provident Fund (EPF) members have achieved the basic savings threshold of RM390,000, says Deputy Finance Minister Liew Chin Tong.
The article reports on government data and statements from a minister without significant editorializing.
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