EPF savings distant thought as pandemic squeezes jobless


Noel Achariam Elill Easwaran

The country is in the grips of a full third wave of Covid-19 with record numbers daily. Many have lost their jobs as a result of the partial lockdown of numerous states. – The Malaysian Insight pic by Irwan Majid, November 24, 2020.

DEBTS, loss of income and uncertainty about the future are the driving factors for those who plan to withdraw their savings from their Employees’ Provident Fund (EPF) Account 1.

Any concern about how they will replenish the funds meant for their retirement is hardly a consideration now as they struggle to cope with the Covid-19 pandemic’s impact on the economy and their livelihoods.


Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one (1) week free access!

Subscribe Now!


Sign up or sign in here to comment.


Comments