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'Help EPF members with near-depleted savings'


Pix for illustration purposes.
PETALING
JAYA: Efforts must be made to replenish the savings of those who have exhausted nearly all of their retirement money, financial experts say.
Commenting on a disclosure by outgoing Employees Provident Fund (EPF) chief executive officer Tunku Alizakri Raja Muhammad Alias on withdrawals made by 30% or 1.6 million members of the fund, the experts called for concerted efforts by contributors, employers and the government to boost the retirement savings of those affected.
Tunku Alizakri said some EPF contributors might only have a minimum required balance of RM100 in their accounts following withdrawals.
Financial planner Felix Neoh advised contributors to increase their monthly contributions as members can put into their accounts RM60,000 a year, over and above their yearly deductions. ....

Shih Kang , Tunku Alizakri , Tunku Alizakri Raja Muhammad , Datuk Shamsuddin Bardan , Felix Neoh , Malaysian Financial Planning Council , Malaysian Employers Federation , Provident Fund , Employees Provident Fund , Tunku Alizakri Raja Muhammad Alias , Employers Federation , Financial Planning Council , Vincent Kwo Shih Kang , Private Retirement Scheme , Rajvinder Singh , ஷிஹ் காங் , மலேசியன் நிதி திட்டமிடல் சபை , மலேசியன் முதலாளிகள் கூட்டமைப்பு , வருங்கால நிதி , ஊழியர்கள் வருங்கால நிதி , முதலாளிகள் கூட்டமைப்பு , நிதி திட்டமிடல் சபை , ப்ரைவேட் ஓய்வு திட்டம் , ராஜ்வீந்தர் சிங் ,