Kuala Lumpur: The Employees Provident Fund (EPF) has launched the Belanjawanku 2024/2025 guide and a new Retirement Income Adequacy (RIA) Framework to help Malaysians plan more effectively for retirement and better manage their monthly living costs.
In a statement released today, EPF explained that the updated Belanjawanku guide estimates the minimum expenses needed for a decent lifestyle, while the new RIA Framework introduces a three-tier savings system to ensure adequate income during retirement.
EPF added that the guide now covers 12 major cities across Malaysia, expanding beyond its initial focus on the Klang Valley. It will also be updated annually to reflect the latest living costs.
The RIA Framework, launching in January 2026, will help EPF members set retirement savings goals based on their desired lifestyle. The framework features a three-tier system to guide members in planning their savings and retirement income:
- Basic Savings and Income — Covers essential retirement needs.
- Adequate Savings and Income — Provides a reasonable standard of living during retirement.
- Enhanced Savings and Income — Offers greater financial security and a higher quality of life.
