EPF refutes allegation of cash crunch crisis, Act amendment

A man standing infront of EPF logo at Menara KWSP in Kwasa Damansara.photo for file. (4/3/2023). -AZHAR MAHFOF/The Star

KUALA LUMPUR: The Employees Provident Fund (EPF) has refuted speculations of a cash crunch crisis building up in the retirement funds as well as the amendment of EPF Act 1991 to prevent retirees from withdrawing their savings.

In a statement, the retirement savings fund said it has always maintained sufficient liquidity to meet all of its obligations.