EPF Account 1 withdrawal proposal receives mixed reactions
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Title : EPF Account 1 withdrawal proposal receives mixed reactions
Category : Malaysians
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.Kapar MP Abdullah Sani Abdul Hamid opined that there shouldn't be a restriction to the number of those eligible for the withdrawal scheme due to the "disastrous" situation the people are facing."We are in a time of a disaster. During this time, everybody needs money. They carry a financial burden, they have their salaries c…
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