Article Related To epf-savings

According to EPF, the incentive was allocated to individuals with EPF savings of RM10,000 and below in their Account 1 as of Feb 24, 2023.

Datuk Seri Ahmad Maslan said the estimated savings would enable someone to sustain life for 20 years after retirement.

Anwar said the government had checked with EPF and the Attorney-General for legal advice on this matter.

More than RM145 bln was withdrawn by 8.1 mln individuals during the pandemic under four special withdrawal schemes, Ahmad Maslan said.

Anwar said the people had already been allowed to make several EPF withdrawals before, which caused their retirement amount to decline.

Police said the 26-year-old victim claimed that she had come across a lucrative job offer advertised on Facebook.

Ahmed Razman said this withdrawal would only reduce their EPF savings for old age.

The criteria to withdraw EPF savings should not be loosened but tightened to counter-balance the impact of existing withdrawals.

The MEF said there should not be any more withdrawal schemes from the EPF savings prior to its members reaching their retirement age of 60 to ensure they have adequate savings.

Tough measures are needed to deal with the low savings issue that may then morph into a possible bankruptcy crisis.

The issue of EPF was once again raised by MPs today who, among others, stressed that EPF savings should only be used as a last resort to help the people.

Accessing hard-earned savings in Account 1 should not be the only way for EPF members to get cash in order to get through these very difficult times.

Effective July 21, more than 70,000 EPF contributors can use their savings from Account 2 to settle the balance of their education loans, irrespective of their loan agreement dates.

Living life with good health is the best investment for retirement, especially during old age.

many subscribers ran out of their EPF savings within three or five years after their retirement although the life span for Malaysians had increased to 75 years.

Many users continue to be tricked and scammed even though police have repeatedly issued warnings about scams proliferating on social media.

Deputy Minister of Education says, those identified with severe emotional issues undergo screening twice a year.

Israel will gradually withdraw its forces over 60 days as Lebanon's army takes control of territory near its border with Israel to ensure that Hezbollah does not rebuild its infrastructure there.

Donald Trump says he would impose the tariffs until China stops the flow of illegal drugs, particularly fentanyl, into the United States.

Topping the demands of Khan's Pakistan Tehreek-e-Insaf (PTI) party is the release of all its leaders, including Khan, who has been jailed on a series of corruption charges since August 2023.

The report highlights that "60 per cent of all female homicides" are committed by "people closely related to them".

Two subsea cables, one linking Finland and Germany and the other connecting Sweden to Lithuania, were damaged in less than 24 hours.

It is clear that adding more lanes and highways doesn't work, because we are still attempting the same approach to solve the issue.

This investment includes efforts to upgrade INOKOM's existing assembly capacity to meet Hyundai's automotive needs.

'C4Cinta', directed by young filmmaker Karthik Shamalan, has set a new benchmark in Malaysian Tamil cinema.