MP urges govt to consider remaining funds of contributors before allowing EPF withdrawals

KUALA LUMPUR: The government needs to consider the depleting funds of Employees Provident Fund (EPF) contributors before allowing another round of special withdrawal programmes, says Datuk Seri Amirudin Shari (PH-Gombak).

Amirudin said the remaining savings of contributors are becoming more worrying following several special withdrawal initiatives since the country was struck by the Covid-19 pandemic, adding that some contributors could only afford to spend 68sen a day after their retirement.

"The government has to decide between responsibility towards populism and the call raised by the Opposition today so that we are not being deceived by the propaganda and the choice (to allow withdrawals)," he said during the debate on the motion of thanks to the Royal Address in Dewan Rakyat Monday (Feb 20).

he Selangor Mentri Besar said the country must be prepared to head towards an ageing nation by 2030.

Meanwhile, Datuk Mas Ermieyati Samsudin (PN-Masjid Tanah) and Datuk Azman Nasrudin (PN-Padang Serai) were of the view that the government needed to consider targeted EPF withdrawals to ease the people’s burdens.

Mas Ermieyati proposed that EPF withdrawals should be allowed for contributors who have been working for more than 20 years as they may have a large amount of savings.

"It’s true that there are 13.1 million or 51.5% of EPF contributors with savings of less than RM10,000 who may be newly employed.

"How about the contributors who have been working for 20 or 25 years who might have tens of thousands or hundreds of thousands in savings?" she added. - Bernama