The EPF dilemma

Cash cow: A woman scans her body temperature before entering the EPF building in Kuala Lumpur. Post-Covid-19 outbreak, there are concerns on whether the EPF has been increasingly used by the government as a ‘cash cow’ to prop up the still-fragile Malaysian economy.

THE Employees Provident Fund (EPF) is in a real dilemma.

On one hand, it needs to uphold its mandate as a sustainable national retirement fund for an ageing country.