EPF chief executive officer Tunku Alizakri Alias said the retirement savings fund was pleased that some of the social concerns it had raised had been heard by the government and was reflected in the budget with unique solutions to the unique issues pertaining to the well-being of Malaysians.
“We also note that a lot of money and effort is being spent on training foreign workers, investment which will be lost when they return to their countries,” said Tunku Alizakri. “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.
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. “One of the ways to address this matter includes encouraging couples to have more children through medical assistance – yet costs of such treatments are extremely high, with in-vitro fertilisation treatments ranging between RM4,000 and RM30,000 per cycle.
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