Last updated : 12/7/20 7:44 PM     

CLARIFICATION ON MEDIA REPORTS REGARDING REQUEST TO REMOVE ALL i-SINAR CONDITIONS AND CRITERIA

KUALA LUMPUR, 7 December 2020: The Employees Provident Fund (EPF) refers to various media reports regarding the request for the removal of all criteria and conditions on the i-Sinar facility.

The EPF wishes to state that it takes note of all requests and suggestions from various stakeholders. As a matter of clarification on any process or policy changes or enhancements, due and careful consideration will be made on every suggestion and where appropriate, will be recommended to the EPF Board of Directors for approval. Thereafter and whenever it involves a major policy issue, the EPF will then raise the matter to, and seek the views of the Ministry of Finance.

While the EPF welcomes any feedback on i-Sinar, no amendments to the current i-Sinar criteria have been committed to at this point in time. It is anticipated that a substantial portion of the 8 million members eligible will fall under Category 1 where approval would be automatically given with no documents required. Online applications will begin from 21 December 2020 with payments targeted to be made by mid-January 2021.

Issued by the EPF Media Desk
Corporate Affairs Department
7 December 2020

 

About the Employees Provident Fund (EPF)

The Employees Provident Fund (“EPF”) is one of the oldest retirement funds in the world. Established in 1951, the EPF is a social-security organisation focused on safeguarding member savings and delivering excellent services. In recent years, in line with its vision of helping members achieve a better future, the EPF has expanded its role to encompass the creation of a comprehensive social well-being ecosystem. Today, the EPF remains steadfast in its commitment to members through consistent efforts to update and improve itself, in order to build the foundation for sustainable, holistic and equitable well-being for all Malaysians