KUALA LUMPUR: The Employees Provident Fund (EPF) recorded a total investment income of RM20.61bil in the second quarter ended June 30, 2025, which was a 22% increase from RM16.91bil in the same quarter in 2024. The latest quarter brought the pension fund's six-month investment income to RM38.92bil, 3% more than RM37.9bil in the same period in...
PUTRAJAYA: Several prominent lawyers took turns to wish Chief Justice Tun Tengku Maimun Tuan Mat and Court of Appeal president Tan Sri Abang Iskandar Abang Hashim a happy retirement in an impromptu farewell as both the two top posts in judiciary will be vacated soon. Just after the proceedings of a case ended at the Federal...
JOHOR BARU: As a young graduate who has just entered the job market, Hanie Yunus has an observation when it comes to the idea of raising the retirement age from 60 to 65. “Towards 60, I notice many at this age are just waiting for retirement. Often, younger staff end up covering for them. Their productivity...
KUALA LUMPUR: The practice of lump sum retirement withdrawals may jeopardise long-term financial security and increase the risk of retirees outliving their savings, said Employees Provident Fund (EPF) chief executive officer Ahmad Zulqarnain Onn. He said that only a small proportion of EPF members currently meet the basic savings threshold, while over 58 per cent of...
KUALA LUMPUR: The Employees Provident Fund (EPF) recorded an investment income of RM18.31bil in the first quarter ended March 31, 2025 (1Q25), a weaker performance from a year ago as equities contribution fell amid softer global equity markets. The pension fund said its quarterly income - which was 13% lower than RM20.99bil in the corresponding period...
PUTRAJAYA: The retirement age for civil servants should be extended to 65, says Datuk Seri Azalina Othman Said, urging the unity government to consider such a proposal. The Minister in the Prime Minister’s Department (Law and Institutional Reform) said this was because these days, many civil servants who retire at 60 are still young and productive. At...
KUALA LUMPUR: It is time for Malaysia to embrace serious reforms in its pension and retirement framework to ensure financial security and equity for all Malaysians, said Prime Minister Datuk Seri Anwar Ibrahim. Anwar said a recent survey found that 26.1% of respondents above the age of 60 will continue to work until their health fails...
PETALING JAYA: EPF members have been reminded to use their i-Akaun app to handle issues revolving around their Akaun Fleksibel, popularly known as Account 3, instead of lining up at their branches. The exception is for withdrawals of more than RM30,000 or those who have changed their banking details, EPF said. However, a quick check by The...
PETALING JAYA: Many workers in both the formal and informal sectors plan to contribute more to the Employees Provident Fund (EPF) to assure an easier retirement. Fund members taking part in the voluntary contribution programme said it is a prudent and stable way to save for the future, while also providing reasonable returns and peace of...
PETALING JAYA: Even a small voluntary contribution into the Employees Provident Fund (EPF) can snowball over time and workers in the informal sectors should not miss out, say financial experts. The power of “compound interest”, they pointed out, would increase even with the minimum RM10 contribution to EPF. ALSO READ: EPF continues to be flexible for long-term gains When...
