EPF: Some retirees spending all their withdrawals in 30 days

BANGI: The Employees Provident Fund (EPF) is concerned with the spending habits of those who run out of savings too soon after retiring.

Kuala Lumpur EPF branch retirement advisory service (RAS) officer Nornisah Mohd Yusof said many subscribers ran out of their EPF savings within three or five years after retiring although the life span for Malaysians had increased to 75 years.