{
  "id": 10942928,
  "title": "Ex-EPF CEO proposes employers pay higher EPF contributions for low-wage workers while reducing contributions for high-income staff",
  "url": "https://urgent.news/2026/09/30/ex-epf-ceo-proposes-employers-pay-higher-epf-contributions-for-low-10942928",
  "topic": "world",
  "section": "World",
  "published": "2026-09-30T12:20:38.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail",
    "url": "https://www.malaymail.com/news/malaysia/2026/09/30/ex-epf-ceo-proposes-employers-pay-higher-epf-contributions-for-low-wage-workers-while-reducing-contributions-for-high-income-staff/237173"
  },
  "original_language": "en",
  "account": "Former EPF CEO Tan Sri Shahril Ridza Ridzuan has proposed a solution to help lower-salary workers save more for retirement through the Employees Provident Fund (EPF). He suggested that employers pay a higher contribution rate for workers earning below a certain threshold, with a lower contribution rate for workers earning above the threshold. For example, if an employee earns below RM5,000, the employer could contribute 15-16% of their salary to their EPF savings, while for employees earning above RM10,000, the employer contribution could be reduced to 4%. Shahril believes this progressive approach would help lower-income workers build their retirement savings faster. He emphasized the importance of progressive wage policies to ensure workers receive a fair share of the economy and that the minimum wage keeps increasing. Shahril also suggested that the debate should focus on improving wealth inequality in Malaysia and a better transfer of wealth between capital owners and workers. He proposed imposing a revenue tax on gig platforms and using the raised funds to provide EPF contributions for gig workers, addressing their \"invisible tax\" situation.",
  "summary": "KUALA LUMPUR, Sept 30 — To help lower-salary workers save up more money for their retirement through the Employees...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Malay Mail",
        "title": "Ex-EPF CEO proposes employers pay higher EPF contributions for low-wage workers while reducing contributions for high-income staff",
        "url": "https://urgent.news/2026/09/30/ex-epf-ceo-proposes-employers-pay-higher-epf-contributions-for-low",
        "published": "2026-09-30T12:20:38.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}