NEWS

EPF Account 1 withdrawal proposal receives mixed reactions

Faisal Asyraf

15 Nov 2020, 8:03 am

Updated 5 months ago

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The government's proposal to allow more Employees Provident Fund (EPF) contributors to withdraw from their Account 1 has received mixed reactions, with some outright rejecting the proposal.

The government initially planned to allow the withdrawal of RM500 a month of up to RM6,000 over a year which would benefit 600,000 eligible contributors.

Several figures told Malaysiakini that while they agreed with the move to allow more contributors to withdraw from Account 1, they expect more from the EPF to help those in dire need due to Covid-19...

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