One in three 54-year-olds will retire with below RM10k in EPF

KUALA LUMPUR: As of January this year, 35% of Employees Provident Fund (EPF) contributors who are 54 years old have savings below RM10,000.

Deputy Finance Minister Steven Sim said this group, consisting of 94,827 individuals, make up the biggest chunk of 54-year-old contributors who are one year away from being able to withdraw all their retirement funds.