Delayed regret?: The World Bank cautions that withdrawing retirement savings too early may lead to later problems, including retirees having to rely on support from the government.
PETALING JAYA: The proposal for the withdrawal age in the Employees Provident Fund (EPF) retirement account to be aligned with the minimum retirement age is meant to strengthen savings adequacy, says the World Bank.
It added that as highlighted by its previous analysis, gaining access to retirement savings prior to retirement could be problematic and lead to savings being prematurely exhausted.
