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Anwar: 71% of active EPF members don’t have enough to retire

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Seventy-one percent of active Employees Provident Fund (EPF) contributors who are 55 and below do not have enough money to retire above the poverty line.

Prime Minister Anwar Ibrahim said this followed four rounds of withdrawals from EPF due to the Covid-19 pandemic.

Anwar, who is also finance minister, told the Dewan Rakyat that the number of active members who have achieved the basic savings level (RM240,000 by age 55) has reduced to 29 percent in 2022, down from 36 percent in 2020.
Category
TV Saluran - TV Channel
Tags
kinitv, malaysia, politics
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