Petaling Jaya, 26th October 2016 – Private Pension Administrator Malaysia (PPA), the nation’s central administrator for voluntary Private Retirement Schemes (PRS) welcomes the recent 2017 Budget proposal of increasing the PRS Youth Incentive from RM500 to RM1,000 for eligible Malaysians aged between 20 to 30 years who contribute a minimum of RM1,000 in the PRS.