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Pension woes - MALAYSIA REPORT - Magazine | Asia Asset Management

When Covid-19 hit Malaysian shores more than two years ago, stringent government measures to curb the spread of the virus, including lockdowns and mov. ....

Najib Razak , Amir Hamzah Azizan , Anwar Ibrahim , Geoffrey Williams , Zafrul Aziz , Members Of The Employees Provident Fund , Employees Provident Fund , Prime Minister Najib Razak , Postgraduate Studies , Malaysia University , Asia Asset Management , Minister Zafrul Aziz , Executive Officer Amir Hamzah Azizan , When Covid 19 Hit Malaysian Shores More Than Two Years Ago , Tringent Government Measures To Curb The Spread Of Virus , Ncluding Lockdowns And Movement Controls , Huttered Many Businesses , Ausing Widespread Job Losses And Financial Hardship Members Of The Employees Provident Fund Epf Were For First Time Allowed To Tap Into Their Main Retirement Savings Account Help Finance Day Living Needs It Started With One Withdrawal Scheme , Ut Political Pressure Forced The Government To Introduce Two More , Gniting Concerns That The 14 Million Plus Members Of Country Amp Rsquos Largest Pension Fund Would Not Have Enough Retirement Savings To Sustain Themselves Once They Stopped Working Between March 2020 And December 2021 , Pf Members Withdrewa Total 101 Billion Ringgit Us 24 01 Through The Three Schemes , Eaving 6 1 Million With Less Than 10 , 000 Ringgit In Their Accounts , Ncluding 3 6 Million Holding Less Than 1 , 000 Ringgit , Ccording To Figures From The Pension Fund And It Won Amp Rsquot End There Former Prime Minister Najib Razak ,