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Malaysia targets 60pc of EPF members reaching RM390,000 savings by 2030

KUALA LUMPUR, Sept 29 — Malaysia aims to increase the Retirement Income Adequacy framework to six in 10 Employees Provident Fund (EPF) members to reach the ‘Basic Savings’...

Malay MailMalay Mail2026-09-29 11:19查看原文 ↗

Malaysia targets an increase in the percentage of Employees Provident Fund (EPF) members who reach the 'Basic Savings' benchmark of RM390,000 by age 60, aiming for six out of 10 members by 2030.

Currently, nearly four in 10 members are on track to meet this goal.

Despite progress, many Malaysians face the risk of outliving their retirement savings, which could need to support them for up to 25 years.

Prime Minister Datuk Seri Anwar Ibrahim emphasized these points in his address, delivered by Finance Minister II Datuk Seri Amir Hamzah Azizan, at the EPF's International Social Wellbeing Conference 2026.

KUALA LUMPUR, Sept 29 — Malaysia aims to increase the Retirement Income Adequacy framework to six in 10 Employees Provident Fund (EPF) members to reach the ‘Basic Savings’ benchmark of RM390,000 by age 60 by 2030.

Prime Minister Datuk Seri Anwar Ibrahim said currently, close to four in 10 members are now on track to reach the benchmark under the EPF’s Retirement Income Adequacy framework.

“This is progress, but too many Malaysians remain at risk of outliving their savings during a retirement that may last 20 to 25 years,” he said in his keynote address at the EPF’s International Social Wellbeing Conference 2026 here today.

Anwar’s speech was read by Finance Minister II Datuk Seri Amir Hamzah Azizan. — Bernama

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