QuickCheck: Are Malaysian pensions rising to 57% this month?


WITH the rising cost of living and inflation hurting our wallets, Malaysians are seeing their savings being strained. More and more people may be casting a wary eye on their retirement nest egg and wonder if they have enough. Others who are already retired and living off their pensions are also feeling the pinch.

However, according to a post on social media, there might be an increase in Malaysian pensions by 57%. Is this true?

VERDICT:

FALSE

The Employees Provident Fund (EPF) said that there a was false post on social media claiming that Malaysian pensions were increasing by 57% in November this year.

"Do not easily trust what you see and read online.

"Always verify the information from the official channels like the official EPF website or social media platforms," it said on Facebook on Tuesday (Nov 19).

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