MIER: “The EPF is not designed to deal with calamities and pandemics, rather, it is intended to ensure that its contributors enjoy a decent life after retirement.“This is compounded by the fact that Malaysia is fast becoming an ageing society."MIER stressed that the previous three EPF withdrawal schemes were short-term measures, which should have been avoided in the first place and must never be repeated.
KUALA LUMPUR: The Malaysian Institute of Economic Research (MIER) has opposed a call made by certain quarters to allow Employees Provident Fund (EPF) members to withdraw additional funds from their retirement accounts.
It argued that such withdrawals should be guided by sound economic reasoning.
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