KUALA LUMPUR, Dec 15 — Employees Provident Fund (EPF) members aged 55 and 60 will be able to withdraw any amount from their account whenever they wish, starting January 2018. In a report by The Star, EPF chief executive officer Datuk Shahril Ridza Ridzuan reportedly said this new arrangement was made possible due to an upgrade in the fund’s system. “Under the [current] EPF scheme, there are a number of restrictions on technology in terms of processing,” he was quoted saying. “With the improvement, you will be able to withdraw any amount at any time so in case of an emergency, you have access to the money,” Shahril added. Under the policy now, members may only partially withdraw at least RM2,000 once every 30 days. Currently, those who prefer monthly withdrawals must also withdraw at least RM250, but this will also be reduced to RM100 with the new system.