Experts: Those opting for 3% cut will lose money

PETALING JAYA: Employees opting to take the 3% cut in their Employees Provident Fund (EPF) contribution will end up losing thousands upon retirement.

While the monthly deductions cover a 22-month period beginning March 2016 to December 2017, the loss of compound interest on the sum would leave a dent in an employee’s retirement savings.