Ensuring a healthy nest egg

KUALA LUMPUR: Measures must be taken to ensure that there are sufficient savings before allowing the proposal to make it mandatory for Employees Provident Fund (EPF) contributors aged 55 years and above to withdraw their savings periodically, say economists and consumer groups.

Malaysia University of Science and Technology economics professor Geoffrey Williams said that it is extremely important that final savings in EPF member accounts should be maximised first on retirement and then protected and conserved over as long a period as possible.