KUALA LUMPUR: Prime Minister Datuk Seri Najib Razak said EPF members retain the right to withdraw their retirement savings at 55.
"The EPF will ensure that any new enhancement will only apply to new contributions if members decide to work beyond 55."
He said this when opening Invest Malaysia 2015, the annual institutional conference organised by Bursa Malaysia.
"It is clear that the vast majority of EPF members, while understanding the importance of retirement savings at the age of 60, want the right to use their retirement funds at the age of 55."
Najib said in just two days of the online consultation process that was set up recently, more than 50,000 people had given their views.
It is the largest ever public consultation carried out, he said.
The two-day event showcases listed companies with a combined market capitalisation of RM957 billion.
They represent diverse sectors namely finance, oil and gas, palm oil, rubber gloves, healthcare, property and telecommunications.