More EPF withdrawals can result in retirements below poverty line - Zafrul
BernamaPublished: Jan 15, 2022 4:37 PM | Updated: Jan 15, 2022 4:40 PM
More Employees Provident Fund (EPF) members will retire below the income poverty line level (PLL) if the government allows additional withdrawals of their savings, said Finance Minister Tengku Zafrul Abdul Aziz.
He said this was due to the continuous decline in EPF members’ retirement savings and currently almost half of the members had less than RM10,000 in their accounts.
He reminds almost 50pct of members have less than RM10k in accounts.
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