By Author 
KUALA LUMPUR, March 4 — Prime Minister Datuk Seri Anwar Ibrahim reiterated today that the federal government has no intention of introducing further targeted withdrawals for Employees’ Provident Fund (EPF) contributors.
Speaking in the Dewan Rakyat today, Anwar said the core principles of EPF hinges on retirement savings and the introduction of additional withdrawals will pose problems for these contributors several years down the road.
“By giving such a wide leeway, this will inevitably punish them when they retire or age.
“So the government has had to strike a balance between solving the urgent problem they faced and punishing them when they retire in the future with no means of self-contribution,” he said.
Anwar said this in response to Padang Terap MP Nurul Amin Hamid who had asked whether the government would consider introducing targeted withdrawals for contributors that are currently facing unemployment, debt and rising cost of living.
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