MTUC against using EPF savings to cushion Covid-19 impact

The Malaysian Trades Union Congress has urged the government to reconsider its move to allow EPF withdrawal of up to RM500 per month as a measure to cushion the economic impact of Covid-19. – The Malaysian Insight pic by Afif Abd Halim, March 23, 2020.

PUTRAJAYA should use its reserves to help people mitigate the economic cost of Covid-19 instead of allowing Employees Provident Fund contributors withdraw their savings, said the Malaysian Trades Union Congress (MTUC).

The move, announced by Prime Minister Muhyiddin Yassin earlier today, should be scrapped, the group said in a statement.

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