When wages go up, so will EPF’s funds, says CEO

CEO Datuk Seri Amir Ham­zah Azizan

SHAH ALAM: About 81% of active Employees Provident Fund members in the formal sector are earning a monthly salary of RM5,000 or less and this, the EPF says, is a reason for the inadequate retirement savings.

Of this number, CEO Datuk Seri Amir Hamzah Azizan says 44% earn less than RM2,000.

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