EPF chairman Ahmad Badri Zahir said the facility will allow for the voluntary transfer of 2% EPF contributions by a contributor to his wife’s account.

Another facility the retirement fund is set to launch is i-Lindung, which allows the withdrawal from Account 2 to purchase life and critical illness insurance through the EPF platform.

“Other initiatives we are exploring include the gradual approach towards mandating legal EPF coverage to non-agriculture informal sector workers.

“We will also be advocating our voluntary excess scheme where members can compel their employers to increase their EPF contribution to more than the 11% statutory rate,” he said at the 9th International Social Wellbeing Conference (ISWC) 2021, held both virtually and physically, today.