Finance Ministry: EPF special withdrawals totalling RM101b benefitted 7.34 million members | Malay Mail

KUALA LUMPUR, March 3 ― The Ministry of Finance today said the three special withdrawals from the Employees’ Provident Fund , namely i-Lestari, i-Sinar and i-Citra have benefitted 7.34 million members or 58 per cent of 12.6 million members under 55 years old.

“Out of the total members under the age of 55, as at December 31, 2021, some 6.1 million members or 48 per cent have savings balance of less than RM10,000 in their EPF accounts after the majority of members withdrew their savings through i-Lestari, i-Sinar and i-Citra. This situation indirectly indicates that 70 per cent or two-thirds of members aged 55 and below are in a precarious position whereby their funds are insufficient to retire above the poverty level.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

EPF to increase investment in domestic asset classes this year | Malay MailKUALA LUMPUR, March 2 — The Employees Provident Fund (EPF) intends to increase investment in various domestic asset classes in 2022 in line with the reopening of economies and businesses in the country. Chief executive officer Datuk Seri Amir Hamzah Azizan said as a major investor in Malaysia’s...
Herkunft: malaymail - 🏆 1. / 86 Weiterlesen »

Finance Ministry: RM19.14b of 1MDB-related funds recovered as of Jan 31 | Malay MailKUALA LUMPUR, March 3 ― 1Malaysia Development Bhd (1MDB)-related funds which have been successfully recovered as of January 31, 2022, amount to RM19.14 billion, the Finance Ministry said. In its written reply in the Dewan Rakyat today, the ministry said the monies had been deposited into the... Tq PH.
Herkunft: malaymail - 🏆 1. / 86 Weiterlesen »