He added that the pension fund is still working out the details, including the process flow of the scheme with banks and PR1MA. Through this scheme, financing will be easier and more accessible to buyers, with total loans of up to 90% to 100%. Meanwhile, the EPF is working on a project to allow its contributors to withdraw their savings for healthcare purposes online. Shahril urges all employers to start using its e-Caruman online payments facility, as its manual system for EPF contributions by employers will be scrapped beginning January 2017. The EPF e-Caruman was launched in 2013.

Source: The Star October 31, 2016 23:57 UTC