Low wages must be addressed, 81% of active EPF members earn RM5,000 or less

By RAGANANTHINI VETHASALAM

Datuk Seri Amir Hamzah Azizan speaks during EPF 2022 financial briefing at Menara KWSP in Kwasa Damansara. —AZHAR MAHFOF/The Star

SHAH ALAM: The low wage structure in Malaysia is one of the reasons why there is inadequacy of retirement savings, says the Employees Provident Fund (EPF).

Its chief executive officer Datuk Seri Amir Hamzah Azizan also said EPF would support the initiative to push it closer towards the living wage of RM2,700.

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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Employees Provident Fund , EPF , Low Wages , Amir Hamzah Azizan , Savings , Retirement Funds

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