Tuesday, November 10, 2020

Refined Account 1 Withdrawal Facility - EPF

 The Employees Provident Fund (EPF) is refining and improving the targeted Account 1 withdrawal facility as announced during the presentation of the 2021 Budget last Friday.

"All views and inputs from various stakeholders are in the process of being considered," the retirement fund said in a statement last night.

The EPF was quoted by Bernama as saying that this facility should be made based on a detailed detail to balance the needs of members to address current challenges and ensure retirement savings for future well-being.

"Details and conditions of this additional production facility will be made in the near future after the final decision is finalized," he said.