RM145 billion EPF savings withdrawn under various Covid-related programmes
Deputy Finance Minister 1 Mohd Shahar Abdullah says Bumiputera members made up a large proportion of EPF members with low EPF savings level compared to other races. – The Malaysian Insight file pic, August 8, 2022.
Deputy Finance Minister 1 Mohd Shahar Abdullah said RM145 billion was withdrawn by members under the four withdrawal programmes, and almost RM10 billion was from the employee share statutory contribution rate reduction programme. He was replying to a question from Senator Razali Idris on measures to help EPF contributors who have savings of less than RM10,000.
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