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KUALA LUMPUR: The withdrawals of RM101 billion under the Employees Provident Fund's (EPF) i-Sinar, i-Lestari and i-Citra facilities will not affect the domestic financial markets, said Deputy Finance Minister I Mohd Shahar Abdullah.
KUALA LUMPUR: The government's strategic plan to support the retirement security of the people, which is getting smaller following permission to make withdrawals from the Employees Provident Fund (EPF) is expected to be among the highlights of the Dewan Rakyat sitting Wednesday (Nov 24).
THE Covid-19 pandemic has revealed that hundreds of thousands of Malaysians live in a precarious financial condition and also the majority of wage earners are financially unprepared for retirement.
Budget 2022, unveiled by Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz, has the largest ever expenditure plan. It looks to also promote ESG themes in its proposals.
Adequate contributions to EPF paramount, say economists
Malaysians are facing a difficult time saving up for retirement in the wake of Covid-19, as the pandemic devastates careers and incomes. Nevertheless, if we don’t do something now, it may spell major trouble for our future finances.
KUALA LUMPUR: The Employees Provident Fund (EPF), expressing concern about the members’ retirement security due to the fallout from the Covid-19 pandemic, will focus to help them restore and rebuild their retirement savings to ensure that they are able to secure a dignified retirement.