Some Employee’s Provident Fund members below 55 have no plans to utilise the newly introduced Account 3, known as Akaun Fleksible.Senior marketing executive Hizrian Chaming said he would continue with the existing EPF Account 1, renamed Akaun Persaraan and Account 2, Akaun Sejahtera.Hizrian said members should be given the option of whether they want the new account or otherwise.
Building manager S. Kannan described the introduction of Account 3 as a bad idea as it defeated EPF’s objective of safeguarding members’ retirement funds.“EPF should look at ways to further strengthen the dividend payouts for Accounts 1 and 2 instead,” he said. Credit administrative executive Ng Fong Lin said she wanted to focus on providing a good education for her children aged three, six and eight.“Enjoying good yearly dividends from our EPF accounts is more important,” she said.
Flexible Account Retirement Funds Option EPF Contributors
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