71pct of active EPF members do not have enough to retire
Published: Feb 23, 2023 5:28 AM | Updated: Jul 12, 2023 5:30 AM
PARLIAMENT | 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...
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