Budget 2023: Govt to contribute RM500 to 40 to 54-year-olds with less than RM10,000 in EPF

KUALA LUMPUR: The government has agreed to contribute RM500 to Employees Provident Fund (EPF) members aged between 40 and 54 who have less than RM10,000 in their Account 1.

Prime Minister Datuk Seri Anwar Ibrahim, when presenting Budget 2023 in the Dewan Rakyat here on Friday (Feb 24), said the programme will benefit two million EPF members involving an allocation of almost RM1bil.