KUALA LUMPUR – The Employees Provident Fund (EPF) has clarified that there are no changes to the withdrawal criteria under i-Sinar to date.
In a statement today, issued in response to media reports on the request for the removal of all criteria and conditions set under i-Sinar, the fund said it always takes into account stakeholders’ requests and suggestions.
“EPF would also like to clarify that every process, or policy change, or enhancement will undergo due process and careful consideration, and will be presented to the EPF board of directors for approval.
“Thereafter, and whenever it involves a major policy issue, EPF will raise the matter to, and seek the views of, the Finance Ministry.”
While EPF welcomes feedback on i-Sinar, it said, no amendments to the scheme have been committed to at this point in time.
It is expected that a substantial portion of the eight million members eligible to apply will fall under Category 1, where approval is given without the need for any supporting documents.
Online applications will open on December 21, and payment will be made by mid-January next year. – Bernama, December 7, 2020
