What is the primary purpose of the EPF?

The primary purpose of the Employees' Provident Fund (EPF) is to provide financial security for employees after retirement. This is achieved through a mandatory savings scheme where both the employer and employee contribute a certain percentage of the employee's salary to the fund. These contributions accumulate over the years and earn interest, ensuring that employees have a financial cushion when they retire. The intention behind the EPF is to promote saving for retirement, thereby helping employees maintain their standard of living and financial independence once they are no longer part of the workforce.

While investment opportunities, loans, and education funding may be related activities or benefits offered by some organizations, they do not encapsulate the core mission of the EPF, which is fundamentally about securing employees' financial futures through systematic savings for retirement.