KUALA LUMUR: An alarming number of Malaysian workers – well over six million who are self-employed or in the semi-formal sector – are not covered by any retirement scheme due to a lack of a comprehensive social protection system.
Employees Provident Fund (EPF) deputy chief executive officer (Strategy) Tunku Alizakri Alias said 10% of the labour force was covered under the pension scheme and 46% under the EPF because this is mandated by law, but another 44% are left out.
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