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Free Malaysia Today·3 min read·medium

Under 40% of EPF members have enough savings for their age

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Predeep Nambiar
Under 40% of EPF members have enough savings for their age
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Data from the Malaysian finance ministry shows that less than 40% of active EPF members have sufficient retirement savings for their age. The government is implementing new account structures and voluntary savings schemes to address this shortfall.

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Deputy finance minister Liew Chin Tong said the government and EPF are taking steps to help members build their retirement savings.

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Under 40% of EPF members have enough savings for their age — Headlinne — headlinne