"EPF wihdrawal stays at 55 even if the retirement age is extended to 60 years old." - Nik Effendi Nik Jaafar, EPF PR boss
|The NST report today|
Good for the New Straits Times for being quick correct the news that appeared in the Star quoting Donald Lim, the deputy MoF, that EPF contributors would have to wait till they are 60 to withdraw their EPF money (read full story here). The news should have been big on Page 1 instead of buried in Page 11 but still, I am sure it is a big relief to many, including my good friend Outsyed the Box and his reader Mr Lee [EPF Withdrawal and Chinese Votes.]. And me.
Lessons? Politicians ought to check their facts before they open their mouth. Because not all journalists do. Last month Human Resources Minister S. Subramaniam had already made a statement that there would be NO change in the EPF withdrawal age despite the government's decision to raise the retirement age to 60. Donald,please read the story here (published in the Star some more!).
The NST story: