KUALA LUMPUR: The government has allocated RM100mil this year as provision for an 80% grant to Socso contributions for gig workers, besides gradually expanding the coverage of the Employees Provident Fund (EPF) and Socso to the working population in phases, says Prime Minister Datuk Seri Anwar Ibrahim.
He said this is crucial because according to data from EPF, more than 40% of the workforce does not have proper retirement savings, especially among informal workers, and as such, improvements will be made to ensure that the level of retirement savings is sufficient for Malaysians.
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