Think hard before using EPF Account 1 funds, MEF says

Alfian Z.M. Tahir

Malaysians who have lost jobs must exercise wisdom in whether to withdraw their EPF Account 1 funds, says the Malaysian Employers’ Federation. – The Malaysian Insight pic by Hasnoor Hussain, November 6, 2020.

THOSE who have lost jobs must think hard before using their retirement savings to survive economic hardship caused by Covid-19 pandemic, the Malaysian Employers’ Federation (MEF) said.

MEF executive director Shamsuddin Bardan said only those in dire straits should do so, as the move will jeopardise their future savings for their senior years.

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