Asian Forum of Parliamentarians on Population and Development’s (AFPPD) president Datuk Seri Ahmad Husni Mohamad Hanadzlah said the move was necessary when Malaysia becomes an ageing nation by 2030, adding that more than three quarters of employees have insufficient EPF savings for retirement.
“At present, the EPF savings threshold for a person to have a good life upon retirement is RM196,800.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!