KUALA LUMPUR: Budget 2024 reflects an important step forward in prioritising the financial security and prosperity of Malaysia’s ageing population, ac...
: Budget 2024 reflects an important step forward in prioritising the financial security and prosperity of Malaysia’s ageing population, according to Employees Provident Fund Chief Executive Officer Datuk Seri Amir Hamzah Azizan.
“With a concerted effort to strengthen our resources and retirement allocations, this budget highlights the Unity Government’s commitment to ensuring the dignity and comfort of its citizens. “Currently, only 60 per cent of the labour force is covered under formal retirement schemes, namely the EPF Scheme for private workers and the Civil Service Pension Scheme for civil servants,” he said in the statement.
The key highlights of Budget 2024 include the increase in the government’s matching incentive for the i-Saraan programme, the expansion of the i-Sayang programme to husbands, the extension of the i-Suri programme and the restructuring of the EPF account.
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