Lower starting salaries for those who began their careers before the implementation of the minimum wage in 2013 are among the factors contributing to Employees Provident Fund (EPF) members aged between 40 and 54 years having less than RM10,000 in savings.

In a statement today, EPF said another factor was structural wage challenges, whereby 44 percent of EPF’s contributors earn less than RM2,000 and 81 percent of them have an income of less than RM5,000.

“Also, inconsistent contributions...