Proposed EPF Monthly Pension Payment Scheme 2025 / RMK-13
August 7, 2025
Proposed Employees Provident Fund Account (EPF) Proposal on Monthly Pension Payment Scheme is to enable some of the members’ savings to provide periodic income flow throughout the retirement period. The proposal, which is the government’s consideration under the 13th Malaysia Plan (RMK13), is being reviewed and any decision will only be made after a comprehensive management session with stakeholders and proper consideration of members’ long-term interests. Currently, the rules and mechanisms of EPF production remain as existing. Any further information will be notified through the official channel of the EPF from time to time.
The following are shared about this proposal for shared information.
What is the proposed EPF Monthly Pension Payment Scheme?
The government is reviewing the proposal to improve the EPF production system by introducing payment methods on a regular basis, similar to the pension system monthly.
Finance Minister II Datuk Seri Amir Hamzah Azizan said the proposal was aimed at ensuring that retirement savings were not too early, in line with the long life of the people and rising cost of living.
The Proposal of the Employees Provident Fund (EPF) account also allows some of the members to provide specifically to provide periodic revenue streams during the retirement period.
He said the main idea was to develop a more sustainable system and it was being refined and had been explained by the Economic Planning Unit (EPU).
He explained that this mechanism is still in the study stage and has not been implemented, but if implemented, it can guarantee more sustainable and sufficient savings for contributors after retirement.
Implementation of EPF monthly pension production mechanism
Proposed monthly pension payments for members of the Employees Provident Fund (EPF) announced by Prime Minister Datuk Seri Anwar Ibrahim during the presentation of the 13th Malaysia Plan (Plan13) will not affect existing members’ production rights.
Deputy Finance Minister Lim Hui Ying said this was because the proposal would only apply to new members who registered after the date of implementation of the new mechanism.
However, he said existing members could choose to turn to the new structure voluntarily.
“The proposed restructuring of the EPF account will introduce a new mechanism that enables some of the members’ savings to provide periodic revenue streams throughout the retirement period,” he said at a question -and -answer session in the House of Representatives today.
He answered Mordi Bimol’s additional questions (PH-Mas Ivory) on the EPF’s rationale to introduce monthly pension payments, further from the announcement in the 13th Plan.
According to Lim, the new mechanism is aimed at ensuring that members’ savings last longer to cover their daily expenses as the retirement period is expected to rise, as the lifestyle increases.
“This new structure will be created when members reach the minimum retirement age, where members ‘savings are divided into two main components: flexible savings, which can be issued at any time according to members’ requirements.
“Secondly, it is the income savings, which is distributed regularly or monthly.
More information
The EPF supports the government’s initiative to review the proposal of the Monthly Pension Scheme under the 13th Malaysia Plan (RMK13), as part of the effort to build a better future retirement for Malaysia.
Read the full media statement at
To find out the latest developments on the implementation of EPF monthly pensions, please refer to the following channels:
Source: Bernama, Utusan Sarawak, RTM News, EPF
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