Malaysians don't save enough to see them through their retirement years


Pedestrian walk pass through a signboard of Bangunan KWSP at Kuala Lumpur.

MICHAEL Leong, 54, has been a self-employed mechanic for the past 20 years. Having raised three children up to university level, setting aside some savings for retirement has been a challenge.

“Being self-employed, I’m not eligible to be a member of the Employees Provident Fund (EPF) which provides retirement benefits for its members,” he tells StarBizWeek.

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Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

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