http://thestarmobile.com/jsp/news/viewNews.jsp?newsID=259422&catID=1 Age 60 withdrawal option after EPF Act amended next year PUTRAJAYA: Starting next year, private sector employees who work until the extended retirement age of 60 will have the option to withdraw their Employees Provident Fund (EPF) savings at the same age. An amendment to the EPF Act 1991 will be carried out to facilitate this regulation, Human Resources Minister Datuk Seri Dr S. Subramaniam said. Under the amendment, the EPF will also compel those who work until the age of 60 to continue to contribute to their EPF savings throughout their term of employment. The amendment is in line with the private sector Minimum Retirement Age Bill 2012, which was passed in Parliament in June. The Bill stipulated that the minimum retirement age in the private sector be raised from 55 to 60 years old. "The EPF, after deliberations with the ministry, has decided that a 30% EPF withdrawal can be made at age 50 and the remaini...