Just like many other countries, Malaysians are heavily dipping into their retirement savings to weather this pandemic crisis. This is in part due to the government’s policy to relax conditions, allowing Malaysians to withdraw their contributions in the Employees Provident Fund (EPF), the country’s largest pension fund, to alleviate their financial distress.
THE far-reaching Covid-19 pandemic has inflicted economic and social wounds on lives, livelihood, businesses as well as investment.
Restrictive measures introduced in Malaysia to contain the virus spread have intensified the financial pressure on retirees not just in the immediate term but also in the future.
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