Sarawak Bank Employees’ Union head Andrew Lo has called on the Employees Provident Fund (EPF) to not sacrifice its member's retirement savings for immediate gratification.

This came after the government purposed in the tabled budget to allow EPF members to withdraw from their Account 1 and Account 2, with certain conditions.

"Sarawak Bank Employees’ Union and the Sarawak Malaysian Trades Union Congress fully understand the statement by the EPF that it needs to liquidate assets to fund the withdrawals that the government imposed on it during Budget 2021.

"However, the EPF must not be a cash cow to compensate for...