The Employees Provident Fund (EPF) in collaboration with the Ministry of Women, Family and Community Development (KPWKM), announces i-Sayang, a facility to enable husbands to voluntarily transfer two per cent of their EPF monthly contributions to their wives account for their future income wellbeing.
YAB Prime Minister Dato’ Seri Anwar Ibrahim launched i-Sayang at the International Women’s Day 2023 celebration held at Dewan Perdana Felda, Kuala Lumpur, attended by Minister of KPWKM YB Dato’ Sri Nancy Shukri, EPF Chairman Tan Sri Ahmad Badri Mohd Zahir, and EPF Chief Executive Officer Datuk Seri Amir Hamzah Azizan.
EPF CEO, Datuk Seri Amir Hamzah Azizan said, “The i-Sayang facility is part of EPF’s ongoing efforts to further expand the social protection net to family institutions and encourage more Malaysians, who are not covered by any formal social protection scheme, to save for their retirement future.
“By enabling husbands to voluntarily contribute two per cent of their EPF monthly contribution, they would provide the opportunity for their wives to have long-term savings in addition to gaining access to the quality social security and income security currently enjoyed by EPF members.”
About 2.4 million housewives in the country are not in any employment or are outside the labour force, hence are not covered by any form of social protection, leaving them more vulnerable to adversities or financial shocks.
The i-Sayang initiative is in line with the Government’s commitment to empowering rights and taking care of women’s welfare, in addition to applying family values in line with the concept of Malaysia MADANI, which is based on the characteristics of inclusion, togetherness and gratitude.
Applications for i-Sayang can be made online through EPF i-Akaun (Member), EPF’s Self-Service Terminal (SST), or at any EPF counters nationwide.
