The government will introduce a method that allows Employees’ Provident Fund contributors to use their savings as loan collateral.
He pointed out that other countries with the same flexibility have already stopped allowing such flexibility. — Cybersandhu March 9, 2023 Speaking in Parliament, Anwar maintained that the EPF money is for old age savings, but the government gave flexibility during the COVID-19 pandemic.
Source: Loan News Today (loannewstoday.net)
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New i-Sayang programme allows husbands to transfer 2% of EPF contributions to their wivesPETALING JAYA: The Employees Provident Fund (EPF) is announcing a new financial facility called i-Sayang which enables husbands to voluntarily transfer 2% of their EPF monthly contributions to their wives account for their welfare.
Source: staronline - 🏆 4. / 75 Read more »
Inconsistent contributions among factors contributing to members' low savings: EPFEPF said another factor was structural wage challenges, whereby 44% of EPF’s contributors earn less than RM2,000 and 81% of them have an income of less than RM5,000. theSun theSundaily EPF savings Finance employee
Source: theSundaily - 🏆 25. / 51 Read more »
EPF: Inconsistent contributions among factors for members' low savingsAs of December 2022, there are 2.64 million inactive members. Hello. My employer didn’t contribute to my EPF since Sept 2022, except 1 time just for Nov 2022. How’s that?
Source: malaysiakini - 🏆 20. / 51 Read more »
Inconsistent contribution among reasons for members’ meagre savings, says EPF | The Malaysian InsightInconsistent contribution among reasons for members’ meagre savings, says EPF
Source: msianinsight - 🏆 8. / 63 Read more »
PM: Govt to allow EPF funds used as collateral to take bank loansPARLIAMENT | Only those with enough EPF savings will be allowed to do so. You won't allow targeted withdrawals but will allow this inane policy instead? The fxkin banking cartels will be licking their lips with anticipation. I agree wth ths move. They still get d money they wanted at d same time responsibility 2 spend wisely, 2 get a job and 2 repay d debt. They can always choose not to repay d bnk loan n lose their epf & we’ll get 2 see their actual motives. Nothing’s free in this world. Grow up. mangkak…org nak kurang beban die pi tambah beban…
Source: malaysiakini - 🏆 20. / 51 Read more »
EPF clarifies the current status of members savingsKWASA DAMANSARA: The Employees Provident Fund (EPF) says it wishes to clarify the current status of member savings balances as was raised recently raised in Parliament.
Source: staronline - 🏆 4. / 75 Read more »