09-04-2023, 01:14 PM
https://www.facebook.com/shinmindailynew...3925258135
Deputy Finance Minister I Datuk Seri Ahmad Maslan said some 8.1 million EPF members had seen their median savings reduced by 50% in 2022 during the Covid-19 pandemic when special withdrawals were allowed.
“The median savings for all races of EPF contributors went down from RM16,600 in 2016 to RM8,100 in 2022.
“To break it down by race, about seven million Malay EPF members had a median savings of RM16,900 in April 2020, and now they only have an average of RM5,500.
“Other Bumiputera members, about 1.4 million of them, are now left with an average of RM3,300 in savings only from an average of RM10,600.
“Now (on average), members have RM3,300, RM5,000 ... how can we allow any more withdrawals?
Deputy Finance Minister I Datuk Seri Ahmad Maslan said some 8.1 million EPF members had seen their median savings reduced by 50% in 2022 during the Covid-19 pandemic when special withdrawals were allowed.
“The median savings for all races of EPF contributors went down from RM16,600 in 2016 to RM8,100 in 2022.
“To break it down by race, about seven million Malay EPF members had a median savings of RM16,900 in April 2020, and now they only have an average of RM5,500.
“Other Bumiputera members, about 1.4 million of them, are now left with an average of RM3,300 in savings only from an average of RM10,600.
“Now (on average), members have RM3,300, RM5,000 ... how can we allow any more withdrawals?