The preamble of Act 452 states that the EPF is “a scheme of savings for employees’ retirement” and aims to “provide retirement benefits”. However, these “retirement benefits” refer only to the accumulated savings employees can withdraw upon retirement or under certain conditions. EPF is fundamentally a retirement savings scheme, not a retirement benefit in the traditional or moral sense, such as pensions or gratuities. EPF no substitute for retirement benefitsThis reasoning fundamentally misunderstands the nature of retirement benefits. Enact a Retirement Benefits Act or amend the Employment Act to make such benefits mandatory.