NEWS

EPF reminds members of new minimum savings

Khairie Hisyam & KiniBiz

Published
Modified 27 Dec 2013, 5:24 am

KINIBIZ With days left before the new year, the Employees Provident Fund (EPF) is reminding its members of its new minimum savings benchmark that requires members to have RM196,800 in their EPF accounts by age 55, which will take effect in January 2014.

Earlier this year, the retirement savings fund revised its basic savings levels to be in line with rising costs of living, increasing life expectancies for Malaysians as well as inflation.

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