EPF: Full withdrawal age stays at 55
The Employees Provident Fund (EPF) has no intention of revising the age for full withdrawal by members from its current 55, despite the minimum retirement age being increased to 60, Bernama reported today.
In a statement released today, EPF said that ideally, the age for full withdrawal needs to be harmonised with the minimum retirement age as the savings are meant for retirement.
However, said it was looking into the matter and will wait further input and feedback from stakeholders and members before making a decision.
"Hence, at this point in time, the withdrawal age of 55 remains unchanged," the statement read, according to Bernama. –TMI
Full article: http://www.malaysia-chronicle.com/i...drawal-age-stays-at-55&Itemid=3#ixzz3JLSMIyrZ
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The Employees Provident Fund (EPF) has no intention of revising the age for full withdrawal by members from its current 55, despite the minimum retirement age being increased to 60, Bernama reported today.
In a statement released today, EPF said that ideally, the age for full withdrawal needs to be harmonised with the minimum retirement age as the savings are meant for retirement.
However, said it was looking into the matter and will wait further input and feedback from stakeholders and members before making a decision.
"Hence, at this point in time, the withdrawal age of 55 remains unchanged," the statement read, according to Bernama. –TMI
Full article: http://www.malaysia-chronicle.com/i...drawal-age-stays-at-55&Itemid=3#ixzz3JLSMIyrZ
Follow us: @MsiaChronicle on Twitter
