KUALA LUMPUR, April 16 — The Employees Provident Fund has received a total of 5.3 million applications worth RM40.1 billion under the Special Withdrawal facility as of 8pm April 14.In a statement today, the pension fund said payments would be made in batches with the first batch set to commence on April 20, 2022.
“Breaking down by wage groups, this represented 55 per cent of eligible B40 members , 59 per cent of M40 members , and 39 per cent of T20 members ,” it said.EPF said Bumiputera Malays made up the bulk of applicants at 63 per cent, followed by the Chinese and Indians while the remaining 17 per cent were Bumiputera Sabah and Sarawak and non-Malaysians.
“While the utilisation of proceeds will be for the purpose of supplementing daily/monthly essential expenditure , settling outstanding debts , increasing emergency fund and assisting affected family members with the remaining 27 per cent for other purposes such as paying for children’s education, non-essential expenditure and investment,” it said.
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