KUALA LUMPUR, Dec 12 — The Employees Provident Fund (EPF) has introduced the Belanjawanku 2024/2025 guide along with a new Retirement Income Adequacy (RIA) Framework to assist Malaysians in planning for retirement more efficiently and managing their monthly expenses.

In a statement issued today, EPF clarified that the revised Belanjawanku guide assesses the essential expenditures required for a reasonable living, while the new RIA Framework presents a three-level savings structure to provide sufficient income in retirement.

EPF mentioned that the guide has now included 12 key cities throughout Malaysia, broadening its original emphasis on the Klang Valley. It will be revised each year to show the most recent living expenses.

The RIA Framework, set to debut in January 2026, will assist EPF members in establishing retirement savings targets aligned with their preferred lifestyle. The framework incorporates a three-tier system to assist members in organizing their savings and retirement income:

The structure is intended to enable members to access their savings over 20 years — the average life expectancy in Malaysia. For instance, with savings of RM650,000, members can take out RM2,708 monthly during the first year, increasing to RM7,389 by the 20th year. For individuals possessing RM1.3.