MEF calls for policies on EPF withdrawals to be reviewed
Covid-19-related withdrawal programmes have affected EPF members’ savings by around RM145 billion. – The Malaysian Insight pic by Seth Akmal, April 13, 2023.
In a statement today, MEF president Syed Hussain Syed Husman said the withdrawal of one-third of EPF savings for members who had reached 50 years old and full withdrawal at age 55 was introduced when the retirement age was 55. He noted that Covid-19-related programmes have affected EPF members’ savings by around RM145 billion.
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