Finance minister: Registration of new EPF members up 57pc to 146,000 in Q1 2022

KUALA LUMPUR, July 12 — The registration of new Employees Provident Fund members has increased by 57 per cent to 146,000 members in the first quarter of 2022, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz.

“Currently, although various social protection initiatives have been introduced and some have received government funding, the average awareness of the importance of social protection and preparing for old age is still too low among a large number of Malaysians,” he said at the EPF Insurance and Takaful i-Lindung facility launch ceremony here today.

He said the programme was to drive the recovery and reconstruction of the country's post-pandemic economy through the GLC and government-linked investment companies ecosystem. “This is an important starting point to protect Malaysians and their families from the risk of death, total disability and chronic diseases,” he said.

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