5.4 million EPF members opt for lower monthly cut

Economic measure: The government allowed members to reduce the statutory monthly contribution to boost their disposable income during the Covid-19 pandemic. — AZHAR MAHFOF/The Star

PETALING JAYA: More than five million Employees Provident Fund (EPF) members have opted to reduce their monthly contribution to 9% from January.

The government decided to allow members to reduce the 11% statutory monthly contribution to 9% in order to boost their disposable income during the Covid-19 pandemic.