Wednesday, August 8, 2018

EPF: 62% of self-employed Malaysians without social protection

The Employees Provident Fund (EPF) today revealed that 62% of some 22 million working-age Malaysians are self-employed and not covered by any formal social protection.

“It is a sad fact that many Malaysians do not have enough savings for retirement. As a social protection agency, this is of great concern to us,” said EPF chairman Samsudin Osman.

He urged all housewives and their husbands, and those working in the informal sector to become contributors. Read More