KUALA LUMPUR: The Employees Provident Fund (EPF) has announced a series of policy and product enhancements to strengthen retirement adequacy, expand social protection coverage and enhance the overall member experience. EPF also announced that the Retirement Income Adequacy (RIA) Framework will come into effect today with three savings tiers – Basic Savings (RM390,000), Adequate Savings (RM650,000) and Enhanced Savings (RM1.3mil) – as guidance for retirement planning. The increase of the excess savings limit that can be withdrawn will be implemented gradually at RM100,000 every year over three years, starting from RM1.1mil in 2026. Concurrently, the eligibility threshold for the Members Investment Scheme (MIS) will be aligned with the Basic Savings level. To encourage voluntary ­savings, EPF is also introducing i-­Simpan for self-contribution and i-­Topup for voluntary excess contributions (amounts exceeding the statutory rate) to complement existing contribution facilities such as i-Saraan, i-Sayang and i-Suri.

Source: The Star January 01, 2026 00:01 UTC