Too poor to retire


EPF contributors using the smart kiosk at EPF headquaters yesterday. AZMAN GHANI / The Star

Concerned that an alarmingly high number of 54-year-old Malaysians have less than RM50,000 in their EPF savings, the fund for private sector employees will reveal tomorrow its policy proposals that will allow retirees to live comfortably.

EAGER to impress his relatives and friends, Jerry Chung’s father wiped out his entire Employees Provident Fund (EPF) savings to pay for his eldest son’s wedding banquet.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Government , EPF , savings , withdrawal

Next In Nation

Global supply crisis: Medicine stocks at private hospitals sufficient, no adverse impact yet, says APHM
Shafie plays down talk of Warisan-Sabah STAR electoral pact
Fuel prices May 28 - June 3: Diesel, unsubsidised RON95, RON97 prices decreased
Armed forces veteran killed in car crash�
Search on for 10-year-old feared drowned in Hulu Selangor river
Social activist donates prized cow to Terendak Camp for Aidiladha
Teacher in Besut remanded for two days over sexual molest probe
77 Immigration officers dismissed since 2022, says DG
Melaka braces for influx of 300,000 vehicles for Aidiladha, school holidays
Woman killed, five injured in Kuala Krai crash

Others Also Read