Govt urged to consider remaining funds of contributors before allowing EPF withdrawals

The Selangor Menteri Besar said the country must be prepared to head towards an ageing nation by 2030. theSun theSundaily economy savings KWSP EPF Malaysia

: The government needs to consider the depleting funds of the Employees Provident Fund’s contributors before allowing another round of special withdrawal programmes. said the remaining savings of contributors are becoming more worrying following several special withdrawal initiatives since the country was struck by the Covid-19 pandemic, adding that some contributors could only afford to spend 68 sen a day after their retirement.

The Selangor Menteri Besar said the country must be prepared to head towards an ageing nation by 2030.

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