Plan won’t affect current EPF members

By RAGANANTHINI VETHASALAM and GERARD GIMINO

PETALING JAYA: A proposal to implement a monthly pension payout scheme for Employees’ Provident Fund (EPF) members has led to divergent responses regar­ding the feasibility of such an idea.

This comes amid the Finance Ministry’s latest explanation that the proposed scheme will not affect existing members but only new contributors if it is introduced.

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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Exclusive , EPF , retirement , monthly pension , lump-sum withdrawal , old age poverty , pension reforms , income security , Malaysia , sustainability , savings

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