THE government has the obligation to protect the people, especially those at risk, such as contributors to the Employees Provident Fund (EPF) who do not have enough savings for their old age, Economy Minister Rafizi Ramli said.
He said for that reason the government does not allow targeted EPF withdrawal, adding that even though the withdrawal is seen as an initiative that does not involve the government’s money or efforts, withdrawing from the EPF will reduce the people’s savings for retirement.