KUALA LUMPUR: The government's initiative to allow targeted Employees Provident Fund (EPF) members to withdraw from their retirement savings in light of the Covid-19 pandemic was a carefully considered decision that would not jeopardise members' future retirement, said chief EPF officer Alizakri Alias.
Budget 2021 has proposed that certain EPF members be allowed to withdraw up to RM500 a month from their Account 1, for a total of RM6,000 over 12 months.
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