Flood victims could use their Account 2 to rebuild their homes, the Employees Provident Fund said. – The Malaysian Insider pic, January 23, 2015. Employees Provident Fund (EPF) contributors whose homes were affected by the recent floods are allowed to withdraw their savings from Account 2 to rebuild their home or buy a new one."For members who have never made a housing withdrawal and wish to rebuild their house destroyed by the floods can do so by making an application for withdrawal to Buy/Build House."The withdrawal is allowed if the first house had been sold or there was a disposal of ownership," EPF said in a statement.The fund said disposal of ownership means losing a house owned through an EPF withdrawal previously due to several reasons such as destroyed by a natural disaster or fire.To qualify for a withdrawal to build a second house, contributors must get a confirmation letter from the local council or village head that their house which was bought or built through the EPF was destroyed in the floods."EPF will conduct an evaluation to confirm the amount needed to buy or rebuild their house and check the balance in the members' Account 2."The right to make a withdrawal is subject to the other stipulated terms and conditions," said the statement.For further information, members can visit any EPF branch or log on to its website. – Bernama, January 23, 2015.
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