KUALA LUMPUR, June 18 — The Employees Provident Fund (EPF) registered 107,105 new members in the first quarter of 2024, raising its total membership to 16.1 million, with 8.6 million active members, accounting for 50% of Malaysia’s 17.1 million labor force. Additionally, employer registrations surged by 20,080, bringing the total to 608,433.
The EPF’s contributions rose from RM25.83 billion in Q1 2023 to RM29.13 billion in Q1 2024. The fund also expanded its i-Saraan coverage for informal sector and gig workers, recording 146,171 new registrations, boosting total membership to 1.4 million, a 43.9% increase from last year. EPF CEO Ahmad Zulqarnain Onn highlighted that these increases reflect the country’s economic growth under Malaysia Madani policies, and the EPF’s commitment to evolving with the needs of its members and employers.
