Ahmad Zulqarnain shared that EPF was currently offering programmes to encourage more Malaysians to open EPF accounts.
: Forty out of 100 Malaysians do not have any retirement coverage, said EPF chief executive officer Ahmad Zulqarnain Onn.
“Of these, around 50 are under the EPF, and about 10 are covered by the civil service pension scheme,” he was reported as saying. “Over time, we aim to increase coverage in Malaysia through voluntary measures and eventually, through legislative means. This is crucial, as we should be targeting 80 per cent to 90 per cent coverage as a country, rather than the current 60 per cent,“ he said.
These include allowing voluntary contributions, running financial literacy initiatives and enhancing the i-Akaun app for better user experience.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Putrajaya to bring 100 scientist to 100 schools in 100 days to supercharge STEM interestGEORGE TOWN, Aug 23 — A Science, Technology, Engineering and Mathematics (STEM) initiative involving 100 scientists in 100 schools will kick start this month, said Minister of...
Read more »
100 tempat laluan khas kadet PALAPES sertai ATMKementerian juga pertimbang tanggung sebahagian daripada bayaran pinjaman PTPTN 100 pegawai kadet Palapes terbabit.
Read more »
100 BMX sertai Kayuhan Santai Merdeka 2.0Bagi menyemarakkan sambutan kemerdekaan, seramai 100 penunggang basikal BMX menyertai Kayuhan Santai 2.0 di Kampung Sijangkang.
Read more »
Ipoh citizens collect 100 tonnes of recyclables via Trash4Cash, drive-by campaignIPOH: The Trash4Cash programme under the Ipoh City Council (MBI) has collected a total of 94,979 kilogrammes (1,000 kg=1 ton) of recyclable materials ...
Read more »
Check Out This 18-Inch Replica Of One Of Destiny's Iconic WeaponBring this god-slaying weapon home for only 100 bucks
Read more »
Khairul Aming Treats 100 Staff To Luxurious Company Trip In PenangSo, we've all been doing company trips wrong, huh?
Read more »