New EPF measures to benefit over 2.3 million Malaysians, including two million foreign workers

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New EPF measures to benefit over 2.3 million Malaysians, including two million foreign workers
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PETALING JAYA: The new Employees Provident Fund measures are expected to benefit over 2.3 million people in Malaysia including two million foreign workers, says the Employees Provident Fund .

In a statement on Monday , EPF Chief Executive Officer Ahmad Zulqarnain Onn further applauded the increased incentives for the i-Saraan, i-Suri as well as the mandatory coverage for foreign workers. “In the first half of 2024, i-Saraan recorded total contributions of RM1.61 bil from 330,196 members, an increase of 103% from RM789.3 mil, and a 56% rise in the number of members from 211,361 in the same period of 2023.

“By addressing the needs of various segments of society, including youth, working adults, women, and senior citizens, the government is laying the foundation for a more equitable and resilient future. The EPF fully supports this approach as it aligns with its purpose to build a better retirement future for Malaysians,” said Ahmad Zulqarnain.

“This will allow members additional flexibility in planning for their retirement and the financial well-being of their families,” said Ahmad Zulqarnain.

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