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Economist: EPF withdrawal helps those struggling but social protection system reform necessary | Malaysia

KUALA LUMPUR, April 3 โ€” The fourth withdrawal of the Employees Provident Fund (EPF) has received a mixed response, with some arguing that the continued use of EPF savings in hard times takes away the very purpose of the fundโ€™s existence, while others argue that emergency use of...
Kuala Lumpur Shafwan Zaidon Shamsiah Mohd Yunus Nungsari Ahmad Radhi Provident Fund Bank Negara Malaysia

The bad and ugly side of allowing more EPF Account 1 withdrawals

YET another special Covid-19-related withdrawal from the Employees Provident Fund (EPF) Account 1 has been given the green light by the government last Wednesday (March 16). EPF members can prematurely withdraw up to RM10,000 from their retirement kitty and have the money credited into their bank account from April 20.
Muhyiddin Yassin Amir Hamzah Azizan Ismail Sabri Yaakob Lee Heng Guie Dewan Rakyat Zafrul Abdul Aziz

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