Govt should not allow further withdrawal from EPF, says MEF

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About 48 percent of EPF members below age 55 have critically low savings.

There should not be any more withdrawal schemes from the Employees’ Provident Fund savings before its members reach their retirement age of 60, so as to ensure that they have adequate savings, the Malaysian Employers Federation said.

MEF said it is very concerning that the recent withdrawals from the savings of EPF members through i-Lestari, i-Sinar and i-Citra facilities, with a total withdrawal of RM101.1 billion, exposed the members to risks of falling into old-age poverty...

 

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You have to understand, the government is broke and couldn't help the rakyat. So their plan is to let rakyat use their retirement money.. easy! Now, why u still support such government? Still vote for them? U deserve this

And at the same time, MEF is against the review of minimum wage. So rakyat eat what?

Everybody especially b40 need to withdrawn their epf to create cash buffer to face uncertainty during this pandemic period

krjn, xtahu nak buat apa, xbagi kena marah hilang undi, tekan oleh UMNO, xbagi, nak bagi apa...biarlah bagi saja, bukan duit krjn, masa bersara bukan masalah krjn. Malaysia mmg tuju ka neraka

What if we die before 60?

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