KUALA LUMPUR, Nov 23 — Any new additional pre-retirement withdrawals, whether targeted or open, will further exacerbate the issue of insufficient retirement savings, which is currently at a very alarming level, the Ministry of Finance said. The ministry said it is also not a solution to the increasing financial burden of the people. “As of … Read more
KUALA LUMPUR, Nov 21 — The National Sports Council (NSC) is examining a possible first-time implementation of contributions such as the Employees Provident Fund (EPF) and the Social Security Organisation (Socso) for athletes under the podium programme starting January next year. Youth and Sports Minister Hannah Yeoh said this was decided by the NSC Board … Read more
Ismail Sabri said there are some still impacted from the economic aspect, have lost their income and are still rebuilding their lives.
The negative impact from portfolio balancing by the EPF due to withdrawals by its members has caused the borrowing cost of the government to increase due to added interest payments.
EPF is allocating a sum of RM10 million to aid the flood relief and recovery efforts in affected communities in line with the announcement made by Finance Minister Tengku Zafrul Abdul Aziz.
All prior Janji Temu Online appointments during this period will be cancelled with immediate effect.
EPF’s i-Citra, the latest withdrawal facility to help its members tide over the impact of the MCO in the short term, will open its application starting July 15.
Muhyiddin has announced that the EPF will introduce i-Citra, a new facility aimed at easing the financial burden of the fund’s members due to the impact of the MCO.
