All EPF contributions to go to Account 1 to replenish savings, says Deputy Finance Minister


KUALA LUMPUR: The Employee's Provident Fund (EPF) will place all contributions into Account 1 in order to replenish the savings of its members who have withdrawn funds to weather the economic effects of the Covid-19 pandemic.

Deputy Finance Minister Mohd Shahar Abdullah (BN-Paya Besar) said a total of RM101bil has been withdrawn under the i-Lestari, i-Sinar, and i-Citra stimulus packages since the pandemic began last year.

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 EPF , Finance Ministry , Account 1 , Replenish

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