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Malaysia's government proposed a monthly pension payout from the Employees Provident Fund (EPF) as part of the 13th Malaysia Plan. The Finance Ministry clarified that this is voluntary for existing members and will only apply to new members after implementation. The proposal involves splitting EPF contributions, allowing a portion for lump-sum withdrawals while another portion facilitates monthly payouts. This aims to improve retirement financial security and prepare for Malaysia's transition into an aged nation by 2043.
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