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Most Malaysians cannot afford to retire


Retirement Advisory Service section at EPF Petaling Jaya branch.

Retirement Advisory Service section at EPF Petaling Jaya branch.

MALAYSIA is ageing, and the population over 65 should come to 15% of the population by 2035. Current Employees Provident Fund (EPF) savings for most Malaysians are barely enough for a decent life after retirement.

Meanwhile, Malaysian life expectancy has been rising. Life expectancy at birth in 2015 was 72.5 years for males and 77.4 years for females.
 
   

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