PRS Pre-Retirement Withdrawal

PRS Members can make Pre-Retirement Withdrawals for Permanent Total Disablement (PTD), Serious Disease (SD) and Mental Disability (MD) with effect from 1 August 2017.

How do I apply?

1.	PRS Members can submit the withdrawal request and documents via:

a) Normal Withdrawal Application

• Complete the PRS Withdrawal Form for PTD/SD/MD
• Original Medical Report* from Government/Private Hospital.
  
  

*The date of the Medical Report must not exceed 1 year from the date the withdrawal form is received by PRS Provider.

b) Fast-Track Withdrawal Application**

• Complete the PRS Withdrawal Form for PTD/SD/MD
• Proof of withdrawal from Employee Provident Fund (EPF) or Social Security Organisation (SOCSO)(Medical Report is not required)
  
  

**A Member is allowed to make only one Fast-Track Withdrawal using his/her EPF/SOCSO supporting documents.

2.	Only full withdrawal is allowed under PTD/SD/MD. Withdrawal proceeds are exempted from the 8% tax penalty.

3.	The PRS Withdrawal Form and supporting documents are to be submitted to any PRS Provider in which the PRS Member has an account with.

For more information on the forms and procedures, please contact our Customer Service Hotline at 03-2022 5000.