EPF wants informal sector workers to join retirement savings scheme

KUALA LUMPUR:? The Employees Provident Fund (EPF) is calling for more people working in the informal sector to contribute to the 1 Malaysia Retirement Savings Scheme  (SP1M) to ensure a secure financial future.

Deputy CEO of its strategy division, Tunku Alizakri Alias said employees in the informal sector, defined as the part of the economy that is neither taxed nor monitored by the government, do not have a proper protection system for their retirement compared to the formal or government sectors. - Bernama