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'Reckless' Withdrawals: Eight Out of 10 EPF Members Will Retire in Poverty, Warns Expert

'Reckless' Withdrawals: Eight Out of 10 EPF Members Will Retire in Poverty, Warns Expert

Eight out of 10 Employees Provident Fund (EPF) members will retire in poverty with only RM4 a month to spend for 20 years, for the B40 (bottom 40 per cent income) group, a prominent economist has warned.
Fri Jan 07 2022
EPF: All Contributions To Be Placed In Account 1 to Replenish Savings

EPF: All Contributions To Be Placed In Account 1 to Replenish Savings

All new contributions to the Employee's Provident Fund (EPF) will be placed into Account 1 to replenish the savings of members withdrawn to cushion the impact of COVID-19, the Parliament was told today.
Wed Nov 24 2021
EPF: Over Six Million Account Holders Left With Below RM10k In Their Accounts

EPF: Over Six Million Account Holders Left With Below RM10k In Their Accounts

More than six million account holders of the Employees Provident Fund (EPF) have less than RM10,000 in their accounts to last their twilight years, the department has revealed.
Wed Nov 03 2021