KUALA LUMPUR, 26 June 2020: The Employees Provident Fund (EPF) takes note of the World Bank’s suggestion to gradually raise the age when members can make full withdrawal of Accounts 1 and 2 of their EPF retirement savings from 55 to 65.
The EPF assures members that no such steps on raising the withdrawal age have been discussed with any party at this point in time. The fund stresses that it approaches major policies concerning members in a very prudent manner, including conducting in-depth studies and engagement with its members and key stakeholders. This is to ensure that members’ well-being is always at the forefront in carrying out the EPF’s mandate.
Issued by the EPF Media Desk
Corporate Affairs Department
26 June 2020