KUALA LUMPUR: The Covid-19 pandemic has brought inequalities into a sharper focus and concern whereby the value of decent work, good health, quality education, and a meaningful standard of living has now been brought into a new light.
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The Employees Provident Fund (EPF) has expressed concern that the majority of its members are now at risk of falling into old-age poverty as Covid-19 related withdrawals have caused insufficient savings to live out a dignified retirement life.
EPF chairman Tan Sri Ahmad Badri Mohd Zahir said this will not only be detrimental to individual livelihoods, the socio-economic landscape of the country and its fiscal health will also be challenging