The topic of targeted withdrawals from the Employee Provident Fund (EPF) has often been embroiled in heated debate between Malaysians. Meant to serve as a means of helping everyday Malaysians prepare for their retirement by setting aside a portion of their monthly salary into a savings account, contributions to EPF are a mandatory part of taking up a full-time job for locals here.
Withdrawals from one’s EPF accounts are typically only allowed for specific scenarios, such as during the purchase of a home. But now, some quarters are urging the local government to sign off on another series of targeted EPF withdrawals to help reduce the burden they are facing from the ever increasing cost of living.
Local taxi driver walks 300km to call for targeted EPF withdrawals
One proponent for this cause includes 49-year-old taxi driver Norazlan Ismail. Embarking upon a 300km walkathon from his native state of Johor all the way to the gates of Istana Negara in Kuala Lumpur, he hopes to urge local lawmakers to approve on more EPF withdrawals.
As reported by local newspaper The New Straits Times, Norazlan walked for a period of five days to reach his intended destination and covered a distance of 312 kilometres, beginning from the Skudai toll plaza in Johor Baru.
Explaining his commitment to such a grueling undertaking during the fasting month, Norazlan wanted to send a message to the country’s leaders that common Malaysians such as himself are facing challenges in staying afloat, and need aid.
“I see this as a way for people like me who need targeted withdrawal of the EPF to settle our debts. I’m grateful that throughout the journey, many people offered to help by giving money and a ride, but I had to refuse them because that was not my objective.”
“If I hitch a ride, I might as well just take the bus.” he said.
Joined by Tasek Gelugor MP and other NGOs
He adds that he has received a souvenir from the Yang di-Pertuan Agong, and has taken it as an indication that His Majesty is aware of his arrival, even if they have not met in person.
Norazlan was joined by Tasek Gelugor member of Parliament Datuk Wan Saiful Wan Jan and representatives of non-governmental organisations (NGOs), all of whom arrived to hand over a memorandum to the Yang di-Pertuan Agong. Norazlan began his walk back in March 28th at around 10.00pm.
Prime Minister Dato’ Seri Anwar Ibrahim has previously gone on the record to announce that no such withdrawls will be permitted in the future during his administration. Instead, an alternative was introduced, which allows Malaysians to use their EPF savings as collateral on a personal loan.
According to EPF records last year, 51.5 per cent or a total of 6.67 million members under the age of 55 had less than RM10,000 in their accounts.
Tap here to give us a ‘Like’ on Facebook and stay up-to-date on the latest news!
