EPF Account 3 plan will harm contributors after retirement: Group

Hariz MohdPublished: Apr 17, 2024 2:21 AM | Updated: Apr 17, 2024 7:14 AM

Putrajaya’s plan to introduce a flexible account for Employees’ Provident Fund (EPF) members to withdraw a part of their monthly contributions, dubbed Account 3, has received pushback.

In a statement today, the Social Protection Contributors Advisory Association Malaysia (SPCAAM) regarded the plan as “irresponsible” as it would affect EPF members when they retire.

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