EPF sees membership, contributions rise as labour market stays resilient

LocalBusiness & Finance
17 Aug 2026 • 6:45 PM MYT
Malay Mail
Malay Mail

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Malay Mail

KUALA LUMPUR, Aug 17 — The Employees Provident Fund (EPF) registered 441,846 new members in the first six months ended June 30, 2026 (1H 2026), bringing total membership to close to 18.5 million.

In a statement today, it said active members, namely members who contributed at least once in the last 12 months, rose to 10.9 million, with the active-to-inactive ratio improving to 59:41.

“Active employers increased to 645,207 as at June 2026, following 37,265 new employer registrations during the quarter,” it said.

According to the Department of Statistics Malaysia, the unemployment rate stood at 3.0 per cent in May 2026.

The country’s labour market improved moderately in line with stable economic growth, registering steady employment growth and a persistently low unemployment rate, amid ongoing global trade and supply chain uncertainties.

Meanwhile, EPF said total contributions increased by 8.5 per cent to RM33.87 billion in the second quarter ended June 30, 2026 (2Q 2026), from RM31.21 billion in 2Q 2025.

“For 1H 2026, voluntary contributions continued to gain momentum, increasing to RM14.15 billion. This reflects sustained member participation in voluntary savings, supported by EPF’s digital platforms, which provide members with seamless and convenient access to make voluntary contributions,” it said.

EPF said total contributions from i-Saraan grew 15.7 per cent to RM1.33 billion, while the number of Malaysian formal sector members contributing above statutory rates through i-Topup increased 13.9 per cent year-on-year to close to 204,450 for 1H 2026. — Bernama

 

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