Donald Lim: No change in age limit for full EPF withdrawal
KUALA LUMPUR: The policy allowing Employees Provident Fund (EPF) members to withdraw all their savings at the age of 55 will be maintained for now, said Deputy Finance Minister Datuk Donald Lim Siang Chai.
He said the existing policy would be maintained despite calls from various quarters to raise the age for full EPF withdrawal to 60 following Parliament's passing of the Minimum Retirement Age Bill 2012 in July. He said the proponents of raising the age ceiling felt retirees would have more funds to tie over their retirement should it be raised to 60 years.
Lim said this in replying to a question from Datuk Idris Haron (BN-Tangga Batu) at the Dewan Rakyat Monday.
- Bernama
Read More @ SourceMore » Bonology.com | Pakatan Rakyat (PR) | Sociopolitics Plus | 大马社会政治
Comments
KUALA LUMPUR: The Chinese community has been won over by Barisan Nasional's ability to maintain stability, peace and harmony.
Unlike the opposition coalition, BN component parties stay united and learn from their mistakes to become stronger and well prepared for the election, said MCA Gombak chief Datuk Yip Kam Fook.
He said the Chinese community's support for the BN now is different from what it was in 2008.
"Back then they wanted change and they gave the opposition a chance, but the quickly regretted their decision as their representatives did not do anything for them.
"They see oppositionleaders bickering with each other and coming up with conflicting statements", said Yip during a 1Malaysia dinner organised by MCA Kampung Kuala Ampang in Hulu Klang last night.
More than 2,000 people cheered when Gombak parliamentary seat candidate Datuk Dr Rahman Ismail and Hulu Klang state candidate Rahim Kamarudin walked into the tent, accompanied by Yip.