PUTRAJAYA, March 16 – Special Announcement by the Prime Minister, YAB Dato Sri Ismail Sabri which authorizes the special withdrawal of EPF contribution. Government had previously allowed the withdrawal of Employees Provident Fund (EPF) contributions through three schemes, namely i-Lestari, i-Sinar and i-Citra amounting to RM101 billion, involving 7.34 million contributors since the COVID-19 pandemic hit the country two years ago.
Based on the findings of a comprehensive study and research in the recovery phase after this pandemic, there are among Malaysian families who are still economically affected, lose income and are rebuilding their lives. The Government listens, studies and scrutinizes requests from all parties to withdraw EPF contributions.
Therefore, today the Government agreed to allow a special EPF withdrawal of RM10,000. Further clarification on this special EPF withdrawal will be made by the Ministry of Finance and the EPF. This is a difficult decision as it involves people’s old age savings and this special withdrawal is a middle ground in balancing between today’s urgent needs and future savings.
Although the Government has given permission for this special EPF withdrawal, I appeal to contributors to maintain their savings unless the situation is really urgent. I hope the contributors make due consideration before making a withdrawal, for the sake of the future.
