SINCE the launch of the Employees Provident Fund’s (EPF) Flexible Account (Account 3) in May 2024, Malaysians have withdrawn RM14.79bil – a staggering sum that jeopardises the retirement security of millions.
In a written reply in Parliament last Wednesday, Prime Minister Datuk Seri Anwar Ibrahim said that amount was withdrawn by more than 4.6 million EPF members, or 35.1% of members under 55.
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