Dr Wee wants govt to explain how low EPF median savings figure was derived

KUALA LUMPUR: The Finance Ministry should reveal its formula for concluding that the median savings in the Employees Provident Fund (EPF) accounts fell to as low as RM5,500 during the Covid-19 pandemic, says Datuk Seri Dr Wee Ka Siong (BN-Ayer Hitam).

The MCA president said this figure needed explaining, especially considering that assets in the EPF had reached almost RM1 trillion with an estimated 14 million contributors as revealed in its financial report for 2021.