EPF: Make sure there’s enough

Right move: Samsudin (left) with EPF deputy chief executive officer (Strategy) Tunku Alizakri Raja Muhammad Alias showing a report by EPF.

KUALA LUMPUR: Those who opt to cut their Employees Provident Fund (EPF) contribution rate from 11% to 8% need to make sure that they have enough money for their retirement years, said chairman Tan Sri Samsudin Osman.

He said this was because their retirement years were likely to be longer due to the rising average life expectancy among Malaysians.