EPF Account 1 withdrawal proposal receives mixed reactions

Faisal AsyrafPublished: Nov 15, 2020 4:03 PM | Updated: Nov 15, 2020 5:22 PM

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...

Some want loan moratorium extension and one-off withdrawal of RM10,000.

Govt discussing with EPF to allow more Account 1 withdrawals

EPF to announce Account 1 withdrawal details on Nov 18

EPF chief vows not to make reckless decision over Account 1 withdrawal

EPF Account 1 withdrawals targeted only at those in dire straits - PM

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