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The EPF is a social security institution formed according to the Laws of Malaysia, Employees Provident Fund Act 1991 (Act 452) which provides retirement benefits for members through management of their savings in an efficient and reliable manner. The EPF also provides a convenient framework for employers to meet their statutory and moral obligations to their employees.
The members of EPF are private and non-pensionable public sector employees. The EPF, as at 31st December 2007, has a total of 11.69 million members. The total number of active and contributing members is 5.4 million. The total number of active employers is 428,319.