Public pressure led to Account 1 okay, says PM

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Those who lost their jobs can withdraw RM500 a month, up to a maximum of RM6,000, from January.PETALING JAYA: Prime Minister Muhyiddin Yassin today said the government finally allowed Employees Provident Fund (EPF) members to make Account 1 withdrawals as a result of public pressure.He said in a television interview tonight: “Our hearts were heavy. It’s not that we didn’t want to allow it … We wanted to make sure the contributors’ futures were secure. They were already able to withdraw from Account 2, and now Account 1. What balance would they have (when they retire)?”Muhyiddin said he told Finance Minister Tengku Zafrul Aziz to consider the proposal because of “the many calls for it, and I could see there were some who were really affected and maybe even had no money”.The decision on Account 1 withdrawals was one of the most eagerly anticipated announcements in the 2021 budge…