15-05-2024, 12:59 PM
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Malaysia’s restructured national pension fund allows for early withdrawals;
15-05-2024, 01:06 PM
Malaysia’s restructured national pension fund allows for early withdrawals;
The EPF - one of the world’s largest retirement funds – has assets worth RM1.135 trillion
“(The change) serves two objectives at the same time. The first is a financial objective benefitting EPF but the second is a crowd-pleasing political objective,” said Dr Oh, referring to the move to allow members flexibility in using their EPF deposits
He believes that the move was partly motivated by the pressure from the opposition coalition to allow further withdrawals from the EPF
The EPF - one of the world’s largest retirement funds – has assets worth RM1.135 trillion
“(The change) serves two objectives at the same time. The first is a financial objective benefitting EPF but the second is a crowd-pleasing political objective,” said Dr Oh, referring to the move to allow members flexibility in using their EPF deposits
He believes that the move was partly motivated by the pressure from the opposition coalition to allow further withdrawals from the EPF
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