Tag: savings
EPF pension reform restores dignity and security in retirement
A contributor with RM53,000 at age 55 could receive RM250 monthly for one year, equivalent to RM3,000 annually, based on EPF’s 6 per cent dividend. The principal of RM50,000 remains intact.
46% EPF contributors have less than RM10,000 in savings
The Employees Provident Fund (EPF) expressed its concern over the retirement security of the people when 46% of its contributors below the age of 55 have less than RM10,000 in their savings.
