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.