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    HomeNewsHeadlinesFahmi debunks claims on EPF contributions

    Fahmi debunks claims on EPF contributions


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    BANTING: The Communications and Digital Ministry has denied rumors circulating on social media that the government plans to limit monthly Employees Provident Fund (EPF) contributions for individuals aged 55 and above.

    Minister Fahmi Fadzil clarified that these claims are false and urged the public to verify information with EPF directly.

    Recently, posters on WhatsApp and social media platforms alleged that the government would restrict monthly EPF savings withdrawals for contributors over 55, instead of allowing full withdrawals.

    Addressing this issue, Fahmi stated, “As the Minister of Communications, upon receiving such a message, I immediately reached out to Datuk Seri Amir Hamzah Azizan, the CEO of EPF, before sending it to anyone else. I directly asked EPF about the matter.”

    He continued, “The CEO responded, stating that the policy is currently under review and there are no plans to implement it for any contributors.”

    EPF issued a statement confirming that they are still studying the proposal to formalize a monthly drawdown mechanism for members. They emphasized the importance of considering members’ ability and readiness for such a transition, which may require generational change and take time.

    The EPF believes this transition is necessary, given the increased average life expectancy and longer years spent in retirement. In support of EPF’s proposal, Prime Minister Datuk Seri Anwar Ibrahim stated that the government has no objections to mandatory periodic savings withdrawals for new members upon reaching 55 years old.

    Fahmi emphasized the role of the Madani community in conveying issues to higher authorities for comprehensive and clear explanations.

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    He said, “Civil society serves as an ideal platform to disseminate accurate and up-to-date information about the government’s policies and initiatives. Furthermore, it provides a platform to address and refute any contentious issues, slander, or fake news.”

    The Information Department has established 1,878 civil communities across the country, comprising diverse races.

    During his speech, Fahmi highlighted Selangor’s impressive fixed broadband penetration rate of 61.6% in the first quarter of 2023. Additionally, the mobile broadband penetration rate reached 126.1%, showcasing the government’s commitment to ensuring optimal Internet access in Selangor.

    Credit: The Star : News Feed

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