Thursday, July 19, 2012

EPF withdrawal stays at 55

I tried not to be overly critical to the people (hence the Government) who manage and run the country. In fact, you can find nothing in my previous 300 plus postings that is slanderous in nature. But the manner in which the current EPF issues is handled is quite ridiculous, or un-assuring if you like. Nobody seem to be assertive enough to give confirmation.

Let see what the executives responsible for handling it, have to say:
  1. Human Resource Minister Datuk Seri Dr S Subramaniam advised EPF subscribers not to believe in rumours or speculations that those from the private sector could only make their EPF withdrawal after they had reached 60 years old. No decision has been made yet.. (June 18, 2012. Kuala Lumpur).
  2. Deputy Finance Minister Datuk Donald Lim Siang Chai said “It is a consequential move. Once we raise the minimum retirement age, we have to raise the age of EPF withdrawal as well,”. Decision has been made...only a matter of time before the amendment is made.(The Star Online, July 17,2012)

This is what EPF Public Relations Manager, Nik Effendi Nik Jaafar said in today's local media, Daily Express:- "EPF withdrawal stays at 55 even if the retirement age is extended to 60 years old"

Image capture is appended herewith, so that you can quote me.

Daily Express, July 19, 2012

So, which is which? A little clarification is needed. Thank you.


Angie said...

Gosh, I hope they come up with a consensus soon.
It is confusing a lot of ppeople and depriving them of making plans for their twilight years.

de engineur said...

@Angie - couldn't agree more.