Thursday, May 28

Allowing EPF withdrawals will ease uncertainties — Rep

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MIRI: The federal government’s decision to allow Employees Provident Fund (EPF) contributors to withdraw RM500 per month from Account II for 12 months from April 1 would help ease uncertainties among those in need, opined Telang Usang assemblyman Dennis Ngau.

The EPF withdrawal approval was among the four measures announced by Prime Minister Tan Sri Muhyiddin Yassin on Monday to assist the people in facing the current economic downturn due to Covid-19.

“It is true that the EPF money is the savings of the contributors after they reach their retirement age,” said Dennis.

“To me, there is nothing wrong for the contributors to withdraw their EPF, particularly those in need during the current emergency situation. At least by withdrawing a little amount from their EPF, it will be able to ease their family’s living expenses and ensure enough food on the table for the family members.”

However, he pointed out the move would not benefit some rural folk in his constituency as they are not EPF contributors.

Dennis welcomed any input and assistance from rural folk, including retirees, who have expertise on how to help the people in Ulu Baram with the economic woes caused by Covid-19.

On the Sarawakku Sayang Special Assistance Package announced by Chief Minister Datuk Patinggi Abang Johari Tun Openg, he said it is a comprehensive people-centric package.