Emploees's Provident Fund (EPF) and withdrawal age
EPF has 14 million members and total investment assets of RM597 billion. It proposes to raise the full withdrawal age from 55 to 60 in stages over 15 years beginning 2016 until 2031. This gives rise to various views. Many want to keep the age limit as it is. EPF has the resources to offer several options consistent with the situation of contributors.