Malay Mail·Malaysia·Tuesday, September 29, 2026 at 03:19 AM

Malaysia targets 60pc of EPF members reaching RM390,000 savings by 2030

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Malay Mail

The Employees Provident Fund logo is seen at EPF Tower in Shah Alam, Selangor on February 28, 2026. — Picture by Sayuti Zainudin

First Published: Tuesday, 29 Sep 2026 11:19 AM MYT

KUALA LUMPUR, Sept 29 — Malaysia aims to increase the Retirement Income Adequacy framework to six in 10 Employees Provident Fund (EPF) members to reach the ‘Basic Savings’ benchmark of RM390,000 by age 60 by 2030.

Prime Minister Datuk Seri Anwar Ibrahim said currently, close to four in 10 members are now on track to reach the benchmark under the EPF’s Retirement Income Adequacy framework.

“This is progress, but too many Malaysians remain at risk of outliving their savings during a retirement that may last 20 to 25 years,” he said in his keynote address at the EPF’s International Social Wellbeing Conference 2026 here today.

Anwar’s speech was read by Finance Minister II Datuk Seri Amir Hamzah Azizan. — Bernama

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