Ahmad Maslan says out of the number of applicants, only 27,705 are eligible.

Retirement savings fund says it maintains sufficient liquidity to meet all obligations. 

Dr Muruga Raj Rajathurai says lawmakers should lead by example and make the switch if the civil service pension scheme is such a burden.

Finance Ministry says the initiative will allow members to use savings as a back-up to obtain finance from banks.

There is 'minimal risk' of savings being seized in the event of a default.

Also on the agenda is PM’s answer if Guan Eng cancelled tax exemption for Albukhary Foundation.

Anwar says the matter has been discussed with the provident fund.

Pundits say Putrajaya must come up with alternative that does not involve usury.

They say scheme ill-conceived, will lead to more financial issues for the people.

Prime minister says this facility would only be for those who need money desperately.

Only 45% of workers in 40-54 age group made deposits in 2022.

Pundits say long-term solution should include salary increases.

Retirement fund to pay out RM51.14 billiion in total.

MPs say govt should be doing more to help people pad retirement savings.

Federation lauds PM’s decision not to allow further withdrawals from savings fund.