KUALA LUMPUR: Allowing excessive access for contributors to withdraw their Employees Provident Fund (EPF) savings before the designated maturity date is similar to 'punishing' the contributors when they grow older and retire, Prime Minister Datuk Seri Anwar Ibrahim said.
He said that for decades, including during his previous tenure as Finance Minister, the principle upheld was to avoid excessive withdrawals, as EPF savings are intended for retirement.
