| LATEST NEWS | KUSKOP prepared to allocate RM30 million through BERKAT Deepavali scheme to help Indian entrepreneurs - Sim | The public is advised to lodge a report with Malaysian Media Council if there are issues regarding media coverage ethics – Fahmi. | A weak earthquake measuring magnitude 3.5 occurred in Panginatan, Ranau, Sabah at 10:57 a.m. today – MetMalaysia. | Military personnel deployment across the Peninsula, Sabah, and Sarawak is being adjusted following developments on Balabac Island, Philippines – Mohamed Khaled. | Malaysian soldiers in Lebanon expected to return beginning January - Mohamed Khaled | |
KUALA LUMPUR, Oct 2 (Bernama) -- Malaysia should consider providing targeted income support to those aged 70 or 75 instead of introducing a universal pension at a younger age, said Axiata Group Bhd chairman Tan Sri Shahril Ridza Ridzuan.
KUALA LUMPUR, Oct 1 (Bernama) -- Malaysia's pension system needs to evolve as people live longer and patterns of work change, with reforms needed to strengthen coverage, adequacy, equity and the sustainability of retirement income over a longer lifespan.
KUALA LUMPUR, Sept 29 (Bernama) -- Malaysia can consider establishing a national-level decumulation mechanism that converts accumulated retirement savings into lifelong income as the country prepares for an ageing population, said Singapore Central Provident Fund Board (CPFB) deputy chief executive officer (services) Wong Yan Jun.
By Durratul Ain Ahmad Fuad
KUALA LUMPUR, Sept 29 (Bernama) -- A university researcher suggested that Employees Provident Fund (EPF) contributors must have at least RM100,000 in savings by the age of 55 to enable them to afford living expenses of RM780 per month after retirement.
KUALA LUMPUR, Sept 29 (Bernama) -- Malaysia aims to have six in 10 Employees Provident Fund (EPF) members on track to reach the ‘Basic Savings’ benchmark of RM390,000 by age 60 by 2030 under the Retirement Income Adequacy (RIA) Framework.
