55 before spouse can claim savings

55 before spouse can claim savings

KUALA LUMPUR: Beginning June 1 next year, any claim on a deceased spouse’s Employers Provident Fund savings will only be paid once the claimant reaches the age of 55. According to EPF chief executive officer Datuk Azlan Zainol, this would apply to cases where a person obtained a court order stating that the claimant would get the contributor’s savings. “However, this only applies to non-Muslims. That is because of the fatwa that EPF savings is not matrimonial property,” he said yesterday.


Tuesday newspaper article reported that Employee Provident Fund will control money belongs to non-Muslim if the person died. The deceased's spouse or the beneficiary is not allowed to claim their beloved saving until herself/himself is 55 years old. Why? What if the beneficiary need the money for living?