EPF records 107,105 new member registrations in first quarter

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EPF records 107,105 new member registrations in first quarter
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KUALA LUMPUR: The Employees Provident Fund (EPF) saw a total of 107,105 new member registrations in the first quarter (1Q 2024), bringing the total me...

: The Employees Provident Fund saw a total of 107,105 new member registrations in the first quarter , bringing the total membership to 16.1 million.

“New employer registrations also showed strong growth of 20,080 during the period, bringing the total number of employers registered with the EPF to 608,433. The quarter under review also witnessed the EPF maintaining an active-to-inactive member ratio of 53:47 in 1Q 2024, consistent with the same period in the previous year, with 8.6 million active members from a total membership of 16.1 million.

“Throughout 1Q 2024, i-Saraan recorded new registrations of 146,171, boosting its total i-Saraan membership to 1.4 million, representing an increase of 43.9 per cent from 997,659 in the corresponding quarter last year,” it said.

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