Over 200,000 EPF contributors have sufficient basic savings before age 55, says Ministry


KUALA LUMPUR: The Dewan Negara was on Wednesday told that there are 227,000 contributors of the Employees' Provident Fund (EPF) who have basic savings of at least RM240,000 in Account 1 by the age of 55, as of February.

Finance Minister II Senator Datuk Seri Amir Hamzah Azizan said the total represents EPF contributors between the ages of 50 and 54 or 41% of 551,000 contributors in the age group.

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