Budget 2027: EPF backs RM2,000 minimum wage, automatic membership from age 18

The increase of Malaysia's minimum wage to RM2,000 is hailed as a significant reform by EPF CEO Ahmad Zulqarnain Onn, enhancing workers' livelihoods and retirement preparedness.

Reflecting the initiatives in the Budget 2027, the EPF endorses raising the living wage threshold at GLICs and proposes automatic EPF membership registration for citizens at 18.

Additionally, the continuation of the i-Saraan Plus program aids e-hailing drivers, while the i-Emas option provides flexible retirement payment choices to sustain long-term savings through annual dividends.

KUALA LUMPUR, Oct 10 — The increase in the minimum wage to RM2,000 is an important labour market reform that will improve workers’ livelihoods and support better retirement adequacy for Employees Provident Fund (EPF) members, its chief executive officer, Ahmad Zulqarnain Onn, said.

“It is also a meaningful step towards labour’s share of national income, ensuring the benefits of economic growth are shared more widely.

“EPF also supports the initiative to increase the threshold for living wage at government-linked investment companies (GLICs) to RM3,400, and is committed to full implementation,” he said, reacting to the Budget 2027 tabled in Parliament here yesterday.

In a statement, Ahmad Zulqarnian said Budget 2027 also expands access to retirement savings by automatically registering Malaysian citizens as EPF members upon reaching the age of 18.

“The i-Saraan Plus programme for e-hailing and p-hailing drivers will also continue. Drivers are eligible to receive a 20 per cent government matching incentive, subject to an annual cap of RM600 and RM6,000 over a lifetime up to the national minimum retirement age,” he said.

Ahmad Zulqarnian said EPF continues to encourage members to plan their retirement savings following their retirement.

“Through i-Emas, members may opt to receive monthly payments from their Age 55 and Age 60 Withdrawals instead of making a full withdrawal.

“Savings retained with the EPF will continue to earn annual dividends, helping retirement savings last longer as a source of post-retirement income,” he added. — Bernama

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马来西亚雇员公积金局首席执行官艾哈迈德·祖尔卡纳因·翁称赞马来西亚最低工资提高到2000令吉是一项重大改革，提高了工人的生活水平和退休准备。

为响应 2027 年预算案中的各项举措，雇员公积金局 (EPF) 支持提高政府控股公司 (GLIC) 的生活工资门槛，并提议对 18 岁的公民实行自动注册雇员公积金会员制度。

此外，i-Saraan Plus 计划的延续有助于网约车司机，而 i-Emas 选项则提供灵活的退休支付选择，通过年度分红来维持长期储蓄。

吉隆坡，10 月 10 日讯——雇员公积金局 (EPF) 首席执行官艾哈迈德·祖尔卡纳因·翁表示，将最低工资提高到 2000 令吉是一项重要的劳动力市场改革，这将改善工人的生活，并为雇员公积金局成员提供更好的退休保障。

“这也是朝着提高劳动者在国民收入中所占份额迈出的重要一步，确保经济增长的成果能够更广泛地惠及大众。

“雇员公积金局也支持将政府关联投资公司（GLIC）的生活工资门槛提高到3400令吉的倡议，并致力于全面实施，”他在回应昨天在国会提交的2027年财政预算案时表示。

艾哈迈德·祖尔卡尼安在一份声明中表示，2027 年财政预算案还扩大了退休储蓄的渠道，规定马来西亚公民在年满 18 岁时自动注册成为公积金 (EPF) 会员。

“针对网约车和私家车司机的i-Saraan Plus计划也将继续实施。司机有资格获得政府20%的配套奖励，每年上限为600令吉，终身上限为6000令吉，直至达到国家最低退休年龄，”他说道。

艾哈迈德·祖尔卡尼安表示，公积金局将继续鼓励会员在退休后规划退休储蓄。

“通过 i-Emas，会员可以选择从 55 岁和 60 岁提款中按月领取款项，而不是一次性全部提款。

他补充说：“留在公积金账户中的储蓄将继续获得年度分红，有助于延长退休储蓄作为退休后收入来源的期限。”——马新社

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