tags - Sinar Daily

Ideas warns that the government’s recent decision to allow another withdrawal of up to RM10,000 from EPF savings risks leaving even more EPF contributors with insufficient savings once they reach retirement.

Expressing his concern for Malaysia's ageing society, Malaysian Healthy Ageing Society adviser Professor Nathan Vytialingam said retirees will need every penny they could save in order to sustain a healthy lifestyle that can help reduce the risk of falling sick. - Picture credit of Malaysian Healthy Ageing Society

Lack of retirement savings could lead to social crises such as homelessness according to economists. - Picture courtesy of Johor Bahru City Council

The victim did not have any suspicion as they were to marry in January, this year, and thus transferred the RM10,900 to the account number provided by the man.

Photo for illustration purpose only - Source: 123rf

Wet weather continues to batter Malaysia leaving with many states facing flash floods, displacing thousands and damaging properties in the untold millions. - Bernama Photo

Ketum or its scientific name, Mitragyna specios - Source: 123rf

6.3 million of 14 million contributors have lesser than RM10,000 in savings

Financial Expert, Professor Dr Mohamad Fazli Sabri said, contributors should make advance planning on how to utilise the funds before withdrawing their EPF savings. - Bernama Photo

EPF says latest special withdrawal initiative of RM10,000 announced by the government on Wednesday, should be the last scheme.