No more EPF withdrawals, RM145bil taken out since 2020, says Deputy Finance Minister


KUALA LUMPUR: A total of RM145bil was withdrawn from the Employees Provident Fund (EPF) by 8.1 million members during the Covid-19 pandemic, said Deputy Finance Minister Datuk Seri Ahmad Maslan.

"That is why the government has no plans to allow any more EPF withdrawals in the near future," said Ahmad at a press conference in Parliament on Thursday (Feb 16).

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Exempt food industry from paying EPF for foreign workers, urges association
Diploma student dies from high blood pressure complications in Melaka
Airasia’s hijab uniform option a progressive, commendable move, says Mohd Na’im
More flood victims return home in Perak, Selangor
Thunderstorm warning for four states, Labuan until 1pm
Proposed social security bill promises round-the-clock protection for workers, says Lee Lam Thye
Have you used your RM100 Sara aid yet?
Bung remembered as a beloved, dedicated leader
A squad that puts others above self during crises
Woman can’t close her jaw after pani puri mishap

Others Also Read