KUALA LUMPUR: The Employees Provident Fund (EPF) has taken note of the World Bank's suggestion to gradually raise the age when members can make full withdrawal of Accounts 1 and 2 of their retirement savings from 55 to 65.
"The EPF assures members that no such steps on raising the withdrawal age have been discussed with any party at this point in time," it said in a statement.
The fund stresses that it approaches major policies concerning members in a very prudent manner, including conducting in-depth studies and engagement with its members and key stakeholders.
This, the EPF said, was to ensure that members' well-being was always at the forefront in carrying out the EPF's mandate.