Employees Provident Fund chief executive officer Tunku Alizakri Alias. “Members can opt to financially support their spouses or parents to enroll in continuous learning programmes and ensure self-sufficiency beyond retirement,” Tunku Alizakri said. “To address this matter, the EPF is looking to extend EPF coverage to this under-served segment. Under this programme, the EPF provides an avenue for husbands to voluntarily transfer two per cent out of the minimum 11 per cent monthly EPF contribution into their wives’ EPF accounts. Stable families improve productivity among workers, so wives should also enjoy some social security benefits,” said Tunku Alizakri.

Source: New Strait Times October 12, 2019 07:30 UTC