EPF CEO says retirement systems must evolve
KUALA LUMPUR: In light of longer life expectancy, rising living costs, and changing work patterns, our retirement systems must evolve accordingly, says Employees Provident Fund (EPF) CEO Ahmad Zulqarnain Onn.
He said that the EPF is committed to reconsidering the foundations of retirement, focusing on how people save, draw down their retirement savings, and sustain lifestyles over longer lifespans.
'Our reform agenda is centred on modernising retirement solutions and expanding coverage to reflect the growing diversity of work arrangements, life stages, and individual needs.
ALSO READ: Are my retirement savings enough?
"We believe financial choices made today will define the quality of life in the years to come. With the right tools and knowledge, everyone can be empowered to plan for their future with confidence,' he said during his opening remarks at the International Social Wellbeing Conference 2025, "Living to a Hundred: Are We Prepared?" on Tuesday (June 17).
Additionally, Ahmad Zulqarnain emphasised that retirement security must be viewed through a broader lens, beyond just savings, by strengthening the foundations of long-term wellbeing.
This includes access to affordable healthcare, decent and fair wages, inclusive digital infrastructure, and policy frameworks that adapt to changing needs, he said.
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