Umno leaders claim that a special EPF withdrawal would help people get back on their feet
Employees Provident Fund (EPF) participants will be allowed to make a special withdrawal of RM10,000 from their accounts beginning today, allowing individuals affected by the Covid-19 pandemic to clear their outstanding obligations.
The majority of Umno members who favor the withdrawal claim that it would also assist to improve people’s lives and invigorate the local economy, particularly for minor shopkeepers.
Datuk Seri Abdul Rahman Dahlan, a member of the Supreme Council, thinks that if the country’s economy improves, the impacted contributors would be able to refill their EPF retirement funds.
“While many people would appreciate it, others will be unable to withdraw the funds due to a lack of opportunity or eligibility.” He told Bernama yesterday that the people are in desperate need of it right now.
Meanwhile, Umno Secretary-General Datuk Seri Ahmad Maslan welcomed the news as opportune, noting that many people were in desperate need of it.
However, he said that it was up to individuals with savings over RM10,000 to decide whether or not to withdraw the money.