Two Thirds Of Epf Members Risk Retiring Below Poverty Lines Says Anwar



The finance minister also says 6.7 million contributors aged below 55 have less than RM10,000 in their accounts. (FMT) – More than two-thirds of active Employees Provident Fund (EPF) contributors aged 55 years and below will struggle to retire above the poverty line, revealed finance minister Anwar Ibrahim.
Anwar said the four tranches of EPF withdrawals in the past two years have resulted in the members’ basic savings dwindling from 36% in 2020 to 29% at the end of 2022.
“This situation directly shows that 71% or two-thirds of active contributors aged 55 and below are in a serious situation where their savings are insufficient for them to retire above the poverty line,” he said in a parliamentary reply.
He said that as of Dec 31 last year, up to 6.7 million EPF members aged below 55, or 51% of the total, had less than RM10,000 left in their accounts following the four withdrawals.
This amount will leave them with retirement savings of less than RM42 a month for the next 20 years.
He was responding to a question by Amirudin Shari (PH-Gombak) on the government’s stance on EPF withdrawals as a way to help ease the people’s financial burden.
Anwar said further withdrawals would also affect EPF’s bottom line because it would need to liquidate assets, and limit its participation in new investment opportunities, leading to a loss of potential long-term returns.
“This will affect the chances of generating income for dividend payments to contributors in the future,” he said.
He also said indicators have shown economic activities are in recovery mode, with trade in full swing and a large number of employees having returned to earning an income.
“Based on these facts, the government is of the view that a (further) withdrawal of EPF savings, whether targeted or otherwise, is not a long-term solution to the people’s financial burden,” he said.
 


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

https://www.malaysia-today.net/2023/02/23/two-thirds-of-epf-members-risk-retiring-below-poverty-lines-says-anwar/

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Epf Members Running Out Of Funds

Epf Members Running Out Of Funds

papar berkaitan - pada 18/2/2023 - jumlah : 260 hits
With median savings down to between RM3 300 and RM5 000 among Employees Provident Fund s low income contributors the government is adamant about not allowing another round of special withdrawals Deputy Finance Minister I Datuk Seri Ahmad Ma...
Pas Leaders Ruining Politics With Lies Buntong Rep Says After Son Claimed Razman Only Apologised To Save Anwar S Face

Pas Leaders Ruining Politics With Lies Buntong Rep Says After Son Claimed Razman Only Apologised To Save Anwar S Face

papar berkaitan - pada 18/2/2023 - jumlah : 257 hits
The first time was when he issued an apology statement against Datuk Seri Mohammad Nizar Jamaludin the second was against Lim Guan Eng and this time his third apology statement is against Anwar This shows that he is indeed a habitual liar B...
Malays Median Epf Savings Down To Rm5 500 Says Ahmad Maslan

Malays Median Epf Savings Down To Rm5 500 Says Ahmad Maslan

papar berkaitan - pada 16/2/2023 - jumlah : 227 hits
Deputy finance minister Ahmad Maslan said that the all races median EPF savings prior to the pandemic was RM16 600 KUALA LUMPUR The median Employees Provident Fund savings for Malays is down to RM5 500 due to withdrawals during the Covid 19...
No Smoke Without Fire Says Anwar On Claims Against Muhyiddin S Son In Law

No Smoke Without Fire Says Anwar On Claims Against Muhyiddin S Son In Law

papar berkaitan - pada 12/2/2023 - jumlah : 309 hits
Anwar Ibrahim accuses Muhyiddin Yassin Adlan Berhan and Khairy Jamaluddin of corruption Allegations that Muhyiddin Yassin had awarded a lucrative contract to his son in law would not have come under the spotlight if it weren t true says Pri...
Some Loas For Janawibawa Projects Involve Politicians Family Members Says Azalina

Some Loas For Janawibawa Projects Involve Politicians Family Members Says Azalina

papar berkaitan - pada 21/2/2023 - jumlah : 314 hits
The minister in the Prime Minister s Department says MACC has not yet been able to uncover the true value of the projects Several lists of letters of acceptance issued through projects under the JanaWibawa scheme involve family members of k...
Perak Pas Chief Apologised To Anwar To Save Pm S Name Says Son

Perak Pas Chief Apologised To Anwar To Save Pm S Name Says Son

papar berkaitan - pada 11/2/2023 - jumlah : 300 hits
The son of Perak PAS chief Razman Zakaria has defended the latter s apology to Prime Minister Anwar Ibrahim saying it was done to save the premier s name According to Muhammad Rif aat both Razman and Anwar agreed to settle the case outside ...
71 Pct Of Active Epf Members Do Not Have Enough To Retire

71 Pct Of Active Epf Members Do Not Have Enough To Retire

papar berkaitan - pada 23/2/2023 - jumlah : 169 hits
PARLIAMENT Seventy one percent of active Employees Provident Fund contributors who are 55 and below do not have enough money to retire above the poverty line Prime Minister Anwar Ibrahim said this followed four rounds of withdrawals from EP...
Anwar Must Stand Firm No Epf Withdrawal

Anwar Must Stand Firm No Epf Withdrawal

papar berkaitan - pada 21/2/2023 - jumlah : 213 hits
Among the worst things the backdoor governments led by Bersatu s Muhyiddin Yassin and Umno Baru s Ismail Sabri Yaakob did was to allow humongous withdrawals of Employees Provident Fund savings of RM145 billion Yes RM145 billion Under variou...
Pm Anwar Says Zahid Never Asked For His Ongoing Court Cases To Be Dropped

Pm Anwar Says Zahid Never Asked For His Ongoing Court Cases To Be Dropped

papar berkaitan - pada 15/2/2023 - jumlah : 242 hits
Prime Minister Datuk Seri Anwar Ibrahim has said that his deputy Datuk Seri Ahmad Zahid Hamidi had never asked for his ongoing court cases to be withdrawn In an exclusive interview with Thai PBS Anwar credited the Umno president for not int...
Jbl Launches Tour One M3 Smart Tx Headphones With Lossless Audio Smart Transmitter And 70 Hour Battery Life

Siti Kasim Dares Madani Gov T To Imitate Pap S Mps Are Slaves Of The People Not Their Masters Benchmark

When The Jackals Rule

Ejai Aziz Masa Lalu Chord

Malaysian Batik Takes The Spotlight As Official Attire For Asean Chairmanship 2025 Gala Dinner

Nothing Personal About Zafrul S Party Switch

New Life Wedge Turns The Ducati Scrambler 1100 Into A Caf Racer

Mano Maniam More Than Just Uncle Chan He Had A Dream For Malaysia


echo '';
Info Dan Sinopsis Drama Berepisod Dendam Seorang Madu Slot Tiara Astro Prima

10 Fakta Biodata Amira Othman Yang Digosip Dengan Fattah Amin Penyanyi Lagu Bila Nak Kahwin

5 Tips Macam Mana Nak Ajak Orang Kita Suka Dating Dengan Kita

Info Dan Sinopsis Drama Berepisod Keluarga Itu Slot Lestary TV3

Bolehkah Manusia Transgender Mencapai Klimaks Selepas Bertukar


Free Money On The Go Why Kongnara S Mobile Design Feels Like A Dream

Rafizi Saya Tak Berminat Terima Jawatan Tertinggi Mana Mana Parti

Nora Danish Terkilan Tak Dapat Tunai Haji Tahun Ini Mungkin Tahun Depan Bersama Suami Baru

Merancang Masa Depan Adalah Satu Pelaburan

Nurul Izzah Mooted 2nd Deputy President S Post Says Rafizi

While Most Politicians Are Fighting For Survival Syed Saddiq Is Doing What