What is sad is that only a few public figures, and a handful of trade union leaders, have dared to openly defend the sanctity of EPF funds. Doubly tragic is the deafening silence among the Opposition. It may very well be that during this pandemic situation, it was not just the Covid-19 virus that spread, but also pusillanimity among MPs.
The Employees Provident Fund (EPF) was set up in 1951 to help the Malaysian workforce save for their retirement. It is currently the fourth largest pension funds in Asia, and 12th in the world. As a retirement fund, the EPF was incorporated to help Malaysians save up for their golden years.
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