Govt wants 6 in 10 EPF members to hit basic savings benchmark by 2030

Nearly four in 10 active Employees Provident Fund (EPF) members in the formal sector are now on track to meet the basic savings benchmark of RM390,000 by age 60, according to Prime Minister Datuk Seri Anwar Ibrahim. This figure has risen from 36 per cent in June 2025 to 39 per cent in June 2026, with the government aiming to raise this proportion to six in 10 by 2030.

Anwar emphasized that while this progress is commendable, too many Malaysians remain at risk of outliving their savings during a retirement that may last between 20 and 25 years, highlighting the need for further improvements in retirement security.

Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.