KUALA LUMPUR, March 27 – The Dewan Negara was today told that there are 227,000 contributors of the Employees’ Provident Fund (EPF) who have a basic savings of at least RM240,000 in Account 1 by the age of 55, as of February.
Finance Minister II Senator Datuk Seri Amir Hamzah Azizan said the total represents EPFcontributors between the ages of 50 and 54 or 41 per cent of 551,000 contributors in the age group.
Besides, he said a total of 604,000 members made voluntary contributions to increase their savings, with a total contribution of about RM8.42 billion last year.
“Members can also choose and work with employers to increase contributions because this is one of the attractiveness of the company by helping employees to increase contributions,” he said during a question and answer session at Dewan Negara today.
He said this when replying Senator Mohd Hasbie Muda’s question regarding the number of EPF contributors aged over 50 this year who have sufficient savings.
