EPF monthly pension payment scheme proposed 2025 / RMK-13

Minister of Finance II Datuk Seri Amir Hamzah Azizan said the proposal was intended to ensure that pension savings were not too early, in line with the longevity of the people and rising living costs.

Employee Provider Fund Account Proposal (EPF) also allows several members to provide specifically to provide periodic income flow during retirement periods.

He said his main idea was to develop a more sustainable and enhanced system and had been explained by the Economic Planning Unit (EPU).

He explained that this mechanism is still in the study stage and has not been applied, but if implemented, it can guarantee more sustainable and sufficient savings for contributors after retirement.

Implementation of EPF monthly pension production mechanisms

Proposed monthly pension payments for members of the Employee Provider Fund (EPF) announced by Prime Minister Datuk Seri Anwar Ibrahim during the presentation of the Malaysian Plan’s 13 (Plan13) will not affect the production rights of existing members.

Deputy Minister of Finance Lim Hui Ying said this is because the proposal will only apply to new members registered after the date of implementation of the new mechanism.

However, he said the existing members could choose to switch to a new structure voluntarily.

“The proposed EPF account restructuring will introduce a new mechanism that allows several members’ savings to provide periodic income flow throughout the retirement period,” he said on a question -and sessions on the House of Representatives today.

He answered the additional question of Mordi Bimol (PH-Mas Ivory) on the reasons of EPF to introduce monthly pension payments, further than the announcement in the 13th program.

According to Lim, this new mechanism is intended to ensure that member savings last longer to cover their daily expenses because the retirement period is expected to increase, along with the increase in lifestyle.

“This new structure will be made when members reach the minimum retirement age, where the savings of members are divided into two main components: flexible savings, which can be issued at any time according to the members’ requirements.

“Second, it is a savings of income, which is distributed regularly or monthly.

Further information

EPF supports the government’s initiative to review the monthly pension scheme proposal under the 13th Malaysia plan (RMK13), as part of an effort to build a better retirement for a better future for Malaysia.

Read the complete media statement at

To find out the latest developments about the implementation of EPF monthly retirement, please refer to the following channels:

Source: Named, Sarawak envoy, RTM News, EPF