Govt only helping EPF dig a deeper financial hole
Instead of allowing workers to withdraw more and more of their savings, the government should set up a fund to give financial aid to those who are truly in need.
RM145 billion EPF savings withdrawn under Covid-related programmes
A total of 6.62 million members or 52% of the total of 12.78 million members aged under 55 had savings of less than RM10,000 as of end-June.
EPF's insurance platform to benefit middle-income group, economists say
They say the move will not affect members' EPF savings as the funds will come from Account 2.
New EPF member registration up by 57% to 146,000 in Q1 2022
Finance Minister Tengku Zafrul Aziz says this is in line with the EPF's efforts to increase the social protection coverage of Malaysians.
EPF posts lower gross investment income of RM15.85 billion for Q1 2022
While the fund started the first quarter from a position of strength, the subsequent decline in global markets caused lower returns throughout the remainder of the period.
RM10,000 EPF withdrawals, for emergencies or Hari Raya?
The concern is that some contributors might view their retirement savings as extra spending money despite not being in dire straits.
Bank Negara urges reforms to social protection system after nod for latest EPF withdrawals
Deputy governor Jessica Chew meanwhile says such measures should be used 'very sparingly'.
Latest EPF withdrawal can help people improve livelihoods, settle debts, say Umno leaders
Supreme Council member Abdul Rahman Dahlan says contributors can replenish their retirement savings in the EPF once the country's economy picks up.
PM announces ‘difficult decision’ to allow more EPF withdrawals
Prime Minister Ismail Sabri Yaakob advises the public to only use the facility as a last resort.
Economists warn of long-term pain as EPF withdrawal calls spread across political divide
While opposition leaders Anwar Ibrahim and Lim Guan Eng have joined the chorus in favour of further EPF withdrawals, economists maintain that this would be a bad move.
Fourth time’s the charm: Najib pushes again for more EPF withdrawals
He says it doesn't matter who wishes to claim the credit as long as the government allows the request at once.
EPF declares higher dividends for 2021
Dividends for 2021 are higher than those declared in 2020 and before the pandemic hit in 2019.