Move to stop EPF i-Citra withdrawals lauded

Move to stop EPF i-Citra withdrawals lauded

EPF says 6.1 million of its members are left with less than RM10,000 in savings and from that number, 3.6 million have less than RM1,000. PETALING JAYA : The decision to stop Employees Provident Fund (EPF) contributors from withdrawing their savings via its i-Citra programme has been lauded.

Malaysian Trades Union Congress acting president Mohd Effendy Abdul Ghani said if more i-Citra withdrawals were allowed, people would have to work longer to restore their savings for their retirement.

“Almost half of the members (numbering 6.1 million) have less than RM10,000 in savings and most of them want to withdraw the money […]

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