Millennials planning from now for their sunset years

Private Pension Administrator (PPA) chief executive officer Husaini Hussin said as people progress in their careers, there will be salary increases and performance bonuses. With it comes a change in lifestyle and considerations must be made on ways to sustain this during the retirement years.

PETALING JAYA: Malaysian millennials are already planning for their golden years, with about one in every three private retirement scheme (PRS) members aged below 30.

As of June 30, these financially-savvy youths made up almost 27% of the total number of PRS contributors – an increase from the 20% recorded in March.