Budget 2023: Govt to contribute RM500 to help each EPF contributor with low savings

Published on 24 Feb 2023 7:19:20 PM

Prime Minister Datuk Seri Anwar Ibrahim said the government had agreed to contribute RM500 to Employees Provident Fund (EPF) members aged between 40 and 54 who have less than RM10,000 in their Account 1.

He said the programme would benefit two million EPF members involving an allocation of almost RM1 billion.

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