KUALA LUMPUR: Lower starting salaries for those who began their careers before the implementation of the minimum wage in 2013 are among the factors contributing to low Employees Provident Fund (EPF) savings that are typically below RM10,000 among members aged between 40 and 54 years.
In a statement yesterday, EPF said another factor was structural wage challenges, whereby 44% of EPF contributors earn less than RM2,000 and 81% of them have an income of less than RM5,000.
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