Finance ministry and Najib skirmish over EPF withdrawals

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Title : Finance ministry and Najib skirmish over EPF withdrawals
Category : Malaysians

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Finance ministry and Najib skirmish over EPF withdrawals

EPF is under pressure to allow lump-sum withdrawals from the contributors’ pension fund account.PETALING JAYA: The finance ministry and former prime minister Najib Razak were engaged in a skirmish tonight over pension fund withdrawals, with Najib pointing out inaccuracies in the minister’s postings on Facebook, which then disappeared for two hours and reappeared in an updated form.The earlier posting by the ministry, in the form of questions and answers about Australia’s approval of pension fund withdrawals, appeared to have been blanked out soon after Najib said the posting was riddled with inaccuracies.In his posting at about 9pm tonight, Najib listed out the differences between Malaysia’s Covid-19 relief scheme and the Australian scheme, which provides for a lump-sum withdrawal of up to A$20,000 for those who have suffered a 20% loss of income.He included screenshots of the…

EPF is under pressure to allow lump-sum withdrawals from the contributors’ pension fund account.PETALING JAYA: The finance ministry and former prime minister Najib Razak were engaged in a skirmish tonight over pension fund withdrawals, with Najib pointing out inaccuracies in the minister’s postings on Facebook, which then disappeared for two hours and reappeared in an updated form.The earlier posting by the ministry, in the form of questions and answers about Australia’s approval of pension fund withdrawals, appeared to have been blanked out soon after Najib said the posting was riddled with inaccuracies.In his posting at about 9pm tonight, Najib listed out the differences between Malaysia’s Covid-19 relief scheme and the Australian scheme, which provides for a lump-sum withdrawal of up to A$20,000 for those who have suffered a 20% loss of income.He included screenshots of the…


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