The Week That Was (Dec 14-Dec 20) compiled by Shantini Suntharajah.
PEOPLE’S MONEY: (Dec 18) On Wednesday, the Cabinet rejected EPF’s proposal to disallow contributors to withdraw their savings in a lump sum upon reaching 55. On Dec 14, contributors to the EPF said it should be left to them to decide how they wanted to withdraw their savings. Unionists, social activists and politicians backed contributors who expressed their dismay and surprise over the EPF proposal. The EPF Board said its review of withdrawal options was not due to funding constraints as it enjoyed a healthy asset growth of RM20bil a year.
