Additional EPF withdrawals can cause members to retire below poverty line | The Malaysian Insight

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Additional EPF withdrawals can cause members to retire below poverty line

Finance Minister Tengku Zafrul Tengku Aziz says more EPF members will retire below the poverty line if additional withdrawals of their savings are allowed. – The Malaysian Insight file pic, January 15, 2022.

MORE Employees Provident Fund members will retire below the income poverty line if the government allows additional withdrawals of their savings, Finance Minister Tengku Zafrul Tengku Aziz said. He said this is due to the continuous decline in EPF members’ retirement savings and currently almost half of the members have less than RM10,000 in their accounts.

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Lame excuses.. Any guarantee that all members are able to retire? Just admit that the money is used to invest.. fact.. Not sure our money still there by now to be precise.. Semoga terus dilaknat Allah kepada pemimpin yg zalim dan menindas.. Aamiin.. simple

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Additional EPF withdrawals can cause retirement below poverty line, says Finance MinisterKOTA BHARU: More Employees Provident Fund (EPF) members will retire below the Income Poverty Line level if the government allows additional withdrawals of their savings, says Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz. Dear minister, If you're not willing to let us use our own money, then allocate sufficient government money to help us survive the day. THE PRESENT DAY. Sincerely, The Surviving Rakyat. If Rakyat have no food today, die also, lagi lah no future A way to help rakyat is to ensure good governance, a competent, accountable and transparent Executive and Administrative - that promotes a meritocratic economy and encourages high value added FDIs.
Source: staronline - 🏆 4. / 75 Read more »

Let's think carefully about early EPF withdrawals | New Straits TimesEmployees employed under contracts of service or apprenticeships, including citizens and permanent residents, are required by law to contribute to EPF up to the retirement age of 60.
Source: NST_Online - 🏆 17. / 53 Read more »

More EPF withdrawals can result in retirements below poverty line - ZafrulHe reminds almost 50pct of members have less than RM10k in accounts. Now can't survive, how u talk about retirement? No shit sherlock More politicians allowed to escape prosecution in billions of corruption cases will result in all M’sians falling below poverty line
Source: malaysiakini - 🏆 20. / 51 Read more »

Additional EPF withdrawals can cause retirement below poverty line, says Finance MinisterKOTA BHARU: More Employees Provident Fund (EPF) members will retire below the Income Poverty Line level if the government allows additional withdrawals of their savings, says Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz. Dear minister, If you're not willing to let us use our own money, then allocate sufficient government money to help us survive the day. THE PRESENT DAY. Sincerely, The Surviving Rakyat. If Rakyat have no food today, die also, lagi lah no future A way to help rakyat is to ensure good governance, a competent, accountable and transparent Executive and Administrative - that promotes a meritocratic economy and encourages high value added FDIs.
Source: staronline - 🏆 4. / 75 Read more »

More EPF withdrawals can result in retirements below poverty line - ZafrulHe reminds almost 50pct of members have less than RM10k in accounts. Now can't survive, how u talk about retirement? No shit sherlock More politicians allowed to escape prosecution in billions of corruption cases will result in all M’sians falling below poverty line
Source: malaysiakini - 🏆 20. / 51 Read more »

Let's think carefully about early EPF withdrawals | New Straits TimesEmployees employed under contracts of service or apprenticeships, including citizens and permanent residents, are required by law to contribute to EPF up to the retirement age of 60.
Source: NST_Online - 🏆 17. / 53 Read more »