PM: Govt to study proposal to allow EPF Account 1 withdrawals

The government is studying the suggestions to allow certain contributors such as laid-off workers to withdraw funds from Account 1 of their Employees’ Provident Fund (EPF).

"I have discussed with the Finance Ministry and we basically agreed and are prepared to study the proposal for contributors who really need to withdraw allocations from Account 1," Prime Minister Muhyiddin Yassin said today.