An Employees Provident Fund worker attending to a man at the EPF’s headquarters in Jalan Raja Laut, Kuala Lumpur, on Monday. -NSTP/HAZREEN MOHAMAD Savings inadequacy and systemic gaps in social security coverage for the working-age population could lead to a severe retirement crisis as the country is expected to become an ageing nation by 2030.
The Employees Provident Fund (EPF) warned that this could have huge socio-economic implications following the Covid-19 pandemic and stressed the importance of adopting a holistic approach to address the issue.
EPF, in its latest findings, reported that a majority of its members in the low- and […]
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