KUALA LUMPUR: The Employees Provident Fund (EPF) can be offering additional details on the federal government’s transfer to permit EPF contributors to make a special withdrawal of RM10,000, as introduced by Prime Minister Datuk Seri Ismail Sabri Yaakob right now.
In an announcement right now, Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz stated the EPF can even announce measures that can be taken to deal with the declining retirement fund.
In a special announcement aired on the nationwide tv stations, Ismail Sabri stated the choice was made to assist ease the burden of Keluarga Malaysia members who’re nonetheless impacted by the COVID-19 pandemic.
The prime minister stated though it was a tough choice to make, the federal government had to take the middle-of-the-road method to strike a steadiness between contributors’ present urgent wants and their financial savings for the longer term.
However, he urged contributors to preserve their financial savings except the state of affairs was actually pressing, and hoped that they might think about the matter rigorously earlier than making withdrawals, for the sake of their future.
Previously, the federal government had authorised EPF withdrawals underneath the i-Lestari, i-Sinar and i-Citra schemes, which noticed 7.34 million EPF members withdrawing a complete of RM101 billion to assist them in coping with the influence of the COVID-19 pandemic through the Movement Control Order. – Bernama
