All EPF contributions to go to Account 1 to replenish savings, says Deputy Finance Minister | TheStarTV.com

All EPF contributions to go to Account 1 to replenish savings, says Deputy Finance Minister

Published on 24 Nov 2021 3:47:55 PM

The Employee's Provident Fund (EPF) will place all contributions into Account 1 in order to replenish the savings of its members who have withdrawn funds to weather the economic effects of the Covid-19 pandemic.

Deputy Finance Minister Mohd Shahar Abdullah told the Dewan Rakyat that on Wednesday (Nov 24) when responding to Tumpat MP Datuk Che Abdullah Mat Nawi, who asked what measures the government was taking to increase savings in Account 1 of EPF contributors.

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Keywords
epf, finance ministry, account 1, replenish, covid-19, contribution, mohd shahar abdullah, news, malaysia, retirement, savings, employee’s provident fund, withdrawal

The Employee's Provident Fund (EPF) will place all contributions into Account 1 in order to replenish the savings of its members who have withdrawn funds to weather the economic effects of the Covid-19 pandemic.

Deputy Finance Minister Mohd Shahar Abdullah told the Dewan Rakyat that on Wednesday (Nov 24) when responding to Tumpat MP Datuk Che Abdullah Mat Nawi, who asked what measures the government was taking to increase savings in Account 1 of EPF contributors.

Read more at https://bit.ly/3xfPcTL

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords:
epf, finance ministry, account 1, replenish, covid-19, contribution, mohd shahar abdullah, news, malaysia, retirement, savings, employee’s provident fund, withdrawal

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