2027 Budget: RM1.3bil in aid for senior citizens next year
KUALA LUMPUR: The government will increase assistance for senior citizens to RM1.3 billion next year, benefiting nearly 200,000 recipients, Prime Minister Datuk Seri Anwar Ibrahim said.
The Malaysian government has announced an increase in assistance for senior citizens to RM1.3 billion in the 2027 Budget, benefiting nearly 200,000 recipients, according to Prime Minister Datuk Seri Anwar Ibrahim. This financial support comes alongside the introduction of the i-Emas scheme, allowing Employees Provident Fund (EPF) members aged 55 and 60 to opt for structured monthly withdrawals from their retirement savings.
By enabling monthly withdrawals instead of a lump-sum payout, the scheme aims to preserve the remaining savings, which continue to earn dividends.
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