81pct EPF members cannot live above poverty level after retiring

Currently, 81 percent of Employees Provident Fund (EPF) contributors will not have enough savings to live above the poverty line in their retirement.

Prime Minister and Finance Minister Anwar Ibrahim revealed that as of December last year, only 19 percent of EPF contributors have reached the basic savings level based on their age to enable them to have RM240,000 in savings by the age of 55...