Malaysia’s Employees Provident Fund (EPF) has introduced a new facility called i-Legasi that enables members to transfer their retirement savings to family members.
EPF members aged 55 and above can move a portion of their savings into the accounts of immediate family members under the facility, Malaysia’s largest pension fund says in a statement on May 11. The term legasi is Malay for legacy.
According to Ahmad Zulqarnain Onn, chief executive officer of the EPF, the move reflects the pension fund’s commitment to help members to more effectively manage and sustain their retirement income.
The EPF has also launched a retirement goal calculator to help members estimate their savings requirements based on lifestyle expectations and projected expenses.
“As life expectancy rises, retirement planning must go beyond savings accumulation to focus on adequacy and sustainability. We are evolving to support our members not just in saving, but in making informed decisions to ensure their savings last a lifetime and to leave a legacy for their loved ones,” Ahmad Zulqarnain says.
“These initiatives reflect EPF’s commitment to supporting members in accumulating savings, managing and sustaining retirement income, and extending financial security across generations,” he adds.
Meanwhile, the EPF has rebranded its monthly payment scheme for EPF members above 55 years from Age 55/60 Withdrawal to i-Emas.
This is a scheme where members can opt for automated monthly payments instead of making a full withdrawal when they reach retirement age. The rebranded name emas is Malay for gold.
Ahmad Zulqarnain says more than 21,000 EPF members have opted for monthly withdrawals.
The EPF has more than 16 million members and managed 1.4 trillion ringgit (US$355 billion) of assets as of end-2025.
