Account 3 could be double-edged sword


IN a move lauded for its empathy yet scrutinised for its long-term implications, Malaysia’s Employees Provident Fund (EPF) has introduced Account 3 to offer financially strapped members a lifeline.

While this initiative seeks to mitigate immediate financial hardships, it also sparks concerns about the future economic security of retirees, illustrating the balance between providing immediate assistance and maintaining wise financial management.

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Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

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