The Private Pension Administrator Malaysia (PPA) has launched the #ISaveInPRS Year-End Treats 2026 campaign, which will run from 11 August to 31 December 2026 and is aimed at encouraging Malaysians to restart and maintain Private Retirement Scheme (PRS) contributions. PPA said that more than half of its contributing members did not make a PRS contribution in a given year between 2020 and 2025, with an average dormancy rate of 59.4% over the six-year period.
PPA #ISaveInPRS Campaign Aims To Increase Contributions
The campaign is open to PRS members aged 54 and below, including new enrollees, and rewards participants based on their individual gross contributions made during the campaign period. Eligible members will receive one draw entry for every RM1,000 in accumulated gross contributions. Members classified as dormant, defined as those who registered before 1 January 2025 and have not made any contributions since then, will receive an additional two entries for every RM1,000 contributed.
Members who contribute through PRS Online will receive a further one entry per RM1,000 contributed. PPA said members who qualify for both the dormant-member and online-contribution incentives may receive up to four entries for every RM1,000 contributed.
According to PPA, members who have made at least one contribution in 2026 have, on average, almost twice the lifetime savings of inactive members. The administrator said regular contributions can help members build savings progressively, benefit from cost averaging across different market conditions and make use of the RM3,000 annual tax relief available for PRS contributions.
As of 30 June 2026, PRS had 695,869 members and approximately RM11 billion in assets under management. PPA reported that net member contributions from 2018 to 30 June 2026 totaled RM5 billion, while PRS funds generated RM3.7 billion in investment returns over the same period.
For the period from 1 August 2025 to 31 July 2026, PPA said the five best-performing PRS funds recorded an average one-year return of 49.3%, compared with 14.6% across 79 PRS funds. The funds listed were Public Mutual PRS Islamic Strategic Equity, Principal Islamic PRS Plus Asia Pacific Ex Japan Equity, Public Mutual PRS Islamic Growth, Principal Islamic PRS Plus Growth and Hong Leong PRS Asia Pacific Fund.
PPA stated that approximately RM138,000 worth of PRS units will be distributed to 509 winners under the campaign. The prizes consist of one grand draw prize worth RM18,000 in PRS units, eight PRS Treats draw prizes worth RM2,500 each and 500 consolation prizes worth RM200 each.
Pokdepinion: The campaign’s focus on reactivating dormant PRS accounts addresses a practical retirement savings challenge that could have a larger long-term impact than attracting only new contributors.
