Group wants employers to increase EPF for poorer workers

The Social Protection Contributor Advisory Association Malaysia (SPCAAM) has reminded the Employees’ Provident Fund (EPF) that its dividends need to be measured against factors such as the performance of its investments and the rising cost of living.

In a statement today, SPCAAM international labour adviser Callistus Antony D’Angelus said the government must not allow the lower-income group to withdraw more of its EPF savings as this would have dire implications for their long-term retirement security...