Make EPF account restructuring a step towards a more comprehensive pension reform — Hawati Abdul Hamid and Puteri Marjan Megat Muzafar
APRIL 28 — The Employees Provident Fund’s (EPF) recent announcement on restructuring members’ accounts from two to three, namely Akaun Persaraan, Akaun Sejahtera and Akaun Fleksibel, represents a refinement to Malaysia’s retirement saving scheme. The restructuring exercise appears to take a middle approach in striking a balance between meeting the contributors’ short-term needs and long-term … Read more