All EPF contributions to go to Account 1 to replenish savings, says Deputy Finance Minister
By : The Star
Published On: 2021-11-24
11.1K Views
03:01
The Employee's Provident Fund (EPF) will place all contributions into Account 1 in order to replenish the savings of its members who have withdrawn funds to weather the economic effects of the Covid-19 pandemic.
Deputy Finance Minister Mohd Shahar Abdullah told the Dewan Rakyat that on Wednesday (Nov 24) when responding to Tumpat MP Datuk Che Abdullah Mat Nawi, who asked what measures the government was taking to increase savings in Account 1 of EPF contributors.
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