For Acc 3. If open to put in voluntarily like a bank account but having a lower interest then might as well put money inside the bank. If higher than bank interest then bankers will be forced to raise interest rates to draw in customers. If money is added from employee's monthly contributions then take home pay will be lesser. If from employer's contribution, then things will be costly. Business already has been affected from minimum wage increase which some F&B businesses already shorten working hours to cut costs. This plan will be hard to materialise without government contributions. Just do the above sums and you will understand 😮
Last year when Anwar announced budget for year 2024.. he already said that we will have a new account 3 in our EPF account system. That time Anwar said by April 2024.. EPF will make announcement on how this new account works.