EPF must help more Malaysians achieve retirement adequacy – Amir Hamzah
KUALA LUMPUR: The Employees Provident Fund (EPF) must help more Malaysians achieve retirement adequacy by adapting to changing employment patterns while continuing to deliver sustainable returns, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
Finance Minister II Datuk Seri Amir Hamzah Azizan has emphasized the need for the Employees Provident Fund (EPF) to assist more Malaysians in achieving retirement adequacy. He advocates adapting to changing employment patterns while maintaining sustainable returns. Hamzah believes EPF's purpose should extend beyond growth to becoming more relevant, inclusive, and impactful while preserving its core mission of protecting members' retirement savings.
He views members as people with aspirations and evolving responsibilities, not just contributors. EPF's trajectory continues to evolve, transitioning from savings and security to overall wellbeing, and ultimately, fostering a stronger, more resilient nation. Hamzah, who previously led EPF as CEO before assuming the Finance Minister II position in 2023, draws from both government and fund experiences to view retirement adequacy as crucial for national resilience, household financial security, and economic stability.
EPF chairman Tan Sri Mohd Zuki Ali concurs, stressing that the fund must evolve alongside Malaysia while maintaining the trust and responsibility towards its members. Over its 75-year history, EPF has navigated economic challenges, technological advancements, changes in employment patterns, and the pandemic's disruptions, always ensuring the safeguarding of Malaysians' financial futures and its own resilience for future generations.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
