What is the primary purpose of the EPF's pension fund?

The primary purpose of the EPF's pension fund is to ensure lifelong monthly pensions after retirement. This is a core objective of the EPF (Employees' Provident Fund) system, which is designed to provide financial security for employees when they reach retirement age. By accumulating contributions from both employees and employers during their working years, the fund is able to disburse regular monthly pensions to retirees, enabling them to maintain a stable income and assistance in their post-employment lives.

The pension scheme serves as a safety net, allowing individuals to manage their financial needs effectively after they cease to work, thus supporting their quality of life during retirement. This focus on retirement income distinguishes the EPF's pension fund from other financial tools or supports, ensuring that the participants can rely on it for their long-term financial well-being. Other options, while they may pertain to financial structures in some capacity, do not align with the fundamental purpose of the EPF’s pension fund.