Tag Archives: KWSP

June 27

EPF withdrawal age stays at 55

THE Employees Provident Fund (EPF) will not be raising the eligible age for contributors  to make a full withdrawal of their savings. The Malaysian Insight reports: It said it has taken note of the World Bank’s suggestion to gradually raise the age when members can make a full withdrawal of their retirement savings from 55 […]

December 16

Defaulting employers fined more than RM200,000

A total of RM232,100 in fines had been imposed by the courts against 144 errant employers between July and September 2014, the Employees Provident Fund (EPF) said today in its third quarter 2014 (Q3 2014) report. The employers, who defaulted in remitting their employees’ monthly EPF contributions within the stipulated time, were fined under Section […]