Too poor to retire


EPF contributors using the smart kiosk at EPF headquaters yesterday. AZMAN GHANI / The Star

Concerned that an alarmingly high number of 54-year-old Malaysians have less than RM50,000 in their EPF savings, the fund for private sector employees will reveal tomorrow its policy proposals that will allow retirees to live comfortably.

EAGER to impress his relatives and friends, Jerry Chung’s father wiped out his entire Employees Provident Fund (EPF) savings to pay for his eldest son’s wedding banquet.

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Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

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Government , EPF , savings , withdrawal

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