KUALA LUMPUR: A total of 3.45 million or 26.6 per cent of Employees’ Provident Fund (EPF) members under the age of 55, have opted to transfer RM10.86 ...
: A total of 3.45 million or 26.6 per cent of Employees’ Provident Fund members under the age of 55, have opted to transfer RM10.86 billion from their Sejahtera Account to the Flexible Account as of June 10, according to the Ministry of Finance .
The MoF was responding to an enquiry from Datuk Seri Sh Mohmed Puzi Sh Ali about the current statistics on withdrawals made by EPF members under the account restructuring scheme. Additionally, RM4.82 billion was transferred to members’ Retirement Accounts , resulting in an increase of 39,000 members reaching a basic savings of RM240,000.
Starting 11 May 2024, the contribution ratio to the Retirement Account will increase by five per cent to 75 per cent.
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