Sim: 35pct of 54-year-old EPF members have savings below RM10k

Some 35 percent of Employees Provident Fund (EPF) members who have turned 54 years old as of Jan 1, 2023, have less than RM10,000 in savings, said Deputy Finance Minister Steven Sim Chee Keong.

These 94,827 members have combined life savings totalling RM246.1 million, he said.

Those with savings totalling more than RM1 million form the lowest percentage at 2 percent, or only 4,877 members, with a combined nest egg totalling...