RM500 contribution to EPF members with low accounts balance needs fine tuning, says Dr Wee

KUALA LUMPUR: Employees Providence Fund members should not immediately qualify for the for the RM500 contribution proposed by the Government during Budget 2023, says Datuk Seri Dr Wee Ka Siong (pic).

Under the current criteria suggested by the Government, EPF members would have to be aged between 40 to 54 and have less than RM10,000 in their Account 1.