EPF reports modest rise in members meeting basic retirement savings target

At a conference in Kuala Lumpur, Prime Minister Datuk Seri Anwar Ibrahim announced that 39% of active Employees Provident Fund members in the formal sector are projected to achieve the basic retirement savings goal of RM390,000 by age 60, an improvement from 36% in June 2025. The government’s Retirement Income Adequacy framework seeks to lift that proportion to 60% by 2030, but Anwar stressed that many Malaysians remain vulnerable to outliving their retirement funds, particularly those in informal work.

EPF chairman Tan Sri Mohd Zuki Ali described the uptick as a modest yet meaningful sign that clearer benchmarks influence saving habits. He also outlined initiatives such as i-Legasi, which lets members transfer savings to family accounts, and i-Emas, which enables monthly payouts while preserving the remaining balance. Over 25,000 members have already opted for regular withdrawals after reaching age 55 or 60. The EPF views these measures as steps toward a more inclusive social protection system.