KUCHING: The proposal to extend the age for withdrawal of Employees Provident Fund (EPF) from the present 55 to 60 years has received flak from contributors.
While some said it was a “silly proposal” there were contributors who described the suggestion as “frustrating”, while others proposed that an acceptable mechanism be worked out.
On the other hand, Assistant Minister of Youth Development Datuk Abdul Karim Rahman Hamzah said he personally disagreed with the idea and was puzzled why someone came up with the ‘silly preposition’.
“I’m just puzzled who came up with this silly proposition…55 is a good age as that is the year of retirement and contributors can opt whether to take out their money in toto at that age or leave it in EPF to reap more dividends,” he said in his WhatsApp message yesterday.
He was commenting on the call by Malaysian Trade Unions Congress (MTUC) to support EPF’s retirement withdrawal age proposal.
Abdul Karim, who is also Assistant Minister of Housing and Asajaya assemblyman, urged MTUC not to “change the goal post” and frustrate contributors.
“Don’t frustrate contributors as those money kept in EPF are contributors’ money and all through the years of employment, the contributors had been contributing and maybe have specific plan on what to use with the money once they reach 55,” he asserted.
