KUALA LUMPUR: A total of 3.61 million or 27.8 per cent of the total 13.01 million Employees Provident Fund (EPF) members under the age of 55 have chos...
A total of 3.61 million or 27.8 per cent of the total 13.01 million Employees Provident Fund members under the age of 55 have chosen to have the initial amount in their Flexible Accounts, and have transferred a total of RM11.52 billion as of June 24, 2024.
“About 3.16 million members or 24.3 per cent of the total 13.01 million EPF members under the age of 55 have withdrawn a total of RM7.81 billion from the Flexible Account,” it said on the parliament website on Tuesday in a written reply to a question by Abd Ghani Ahmad who wanted to know contributors’ Flexible Account renewal status as of May 11.
“Among members who made the choice to have an initial amount, a total of 41,000 members who before the transfer had not achieved the basic savings level according to age, have now reached the basic savings level according to age following the transfer of part of their Sejahtera Account savings to the Retirement Account,“ it said.
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