PETALING JAYA: Technician Mohd Ali will reach retirement age in two years, but he isn’t thinking of calling it a day yet. I have also considered the option of working as a security guard,” he said. The EPF has outlined a three-tier savings framework, which comprises a “basic savings” level of RM390,000, “adequate savings” of RM650,000 and “enhanced savings” (RM1.3mil). Based on EPF data, an estima­ted 21.5% of contributors aged 56-60 would have the basic savings of RM390,000 by the time they reach 60. An administration staff, who only wanted to be known as Lee, said she is hoping that she would be employed under contract, post-retirement.

Source: The Star March 16, 2026 00:58 UTC