Base Epf Withdrawal Amount On Savings In Hand Union Urges Govt


 



A university staff union has urged the government to allow Employees Provident Fund (EPF) contributors to make withdrawals of more than RM500 per month from their Account 1 if they have higher savings amounts.
Speaking to Malaysiakini, Kesatuan Kakitangan Am Universiti Putera Malaysia (Kepermata) president Mohd Razali Singah said the limit of RM500 withdrawal per month is not able to help the families of civil servants who are facing financial difficulties.
He suggested that the government allows the withdrawal amount per month for EPF contributors to be based on the savings in their accounts, instead of setting a fixed amount for everyone.
Razali said some EPF contributors might have more savings in their EPF accounts, for instance, more than RM10,000. However, they are unable to withdraw more money than RM500 from their accounts to deal with the immediate crisis they are facing.
“Because there is a difference in terms of account savings, some have higher amounts, some don’t have much. The government needs to look into that,” he said.
Razali, who is a former financial secretary of the Congress of Unions of Employees in the Public and Civil Services (Cuepacs), gave an example of a female civil servant whose husband has lost his job during the pandemic, leading to a major fall in the family income.
He pointed out that if the government allows the family to withdraw RM2,000 or RM3,000 a month from their EPF Account 1, they might be able to start a small business to solve their financial crisis.

Mohd Razali Singah
“Maybe they still have a large amount of savings in the account and it can be used to start up a business. Eventually, it will increase the family’s income. This is something the government has to reconsider.”
Razali criticised the government for treating the EPF contributors as “school children” who will spend all the money if they are not controlled.
“It seems like the government assumes that we are not good at managing our finances. They assume that if they allow us to withdraw RM2,000 at once, we will spend it off very quickly.”
“Those are school children. We have families and if we are allowed to withdraw RM2,000 or RM3,000, we can do family financial planning.
“Because those are their own contributions, not the government's money,” Razali said.
One-off aid might lower frontliners' morale
Razali went on to suggest that the government gives a one month bonus to the frontliners, instead of giving a one-off special financial aid of RM600 to civil servants who are in Grade 56 and below.
He said this initiative should cover the Health Ministry’s medical personnel, the police and the army personnel.
“We don’t know when this pandemic will end… therefore, I think a one-off aid will undermine the morale of the frontliners.”
“This (RM600 special aid) is not able to make up for their stress, work and for them not to stay together with their families.”
For the record, other than the RM600 special financial aid for the civil servants who are below Grade 56, the government has said it will release RM500 as special aid for the Health Ministry frontline medical personnel.
Razali also suggested that Budget 2021 should include teachers and civil servants who work from home during the pandemic, including allocating an allowance for their internet usage.
Schools need allocation for maintenance works
On the other hand, the president of the National Union of the Teaching Profession (NUTP), Aminuddin Awang, urged the government to assign funds for the education sector.

Aminuddin Awang
He said besides projects that the government has announced, NUTP hopes that the remaining allocation will be utilised in several projects that the union has proposed.
These projects include allocating funds for teachers to attend classes on home-based learning skills and to give teachers the incentive to buy laptops or other devices, through rebates or vouchers.
Aminuddin stressed the importance of increasing the internet speed at schools in order to ensure that the teaching process will not be disturbed by bad internet connection.
He suggested that the government utilises the allocation to upgrade or to replace inoperable computers in schools.
Aminuddin also called on the government to give a special allocation of RM5,000 to secondary schools and RM3,000 to primary schools as maintenance fees.
If the schools get direct allocations from the government, he said, the schools will not need to go through the bureaucratic procedures required by the district or state Education Department offices.
Aminuddin also said that he appreciates the government for allocating RM50.4 billion to the Education Ministry.
Cuepacs satisfied with Budget 2021
Cuepacs president Adnan Mat expressed the union’s appreciation of Budget 2021 in a statement last Saturday.
Adnan said the government put priorities in the budget to improve the civil service delivery system and civil servants' benefits. Therefore it has shown that the government has listened to Cuepacs’ proposals.
However, he said, the special financial aid of RM500 for the Health Ministry medical personnel should include other government agencies, including the police and the army. - Mkini


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2020/11/base-epf-withdrawal-amount-on-savings.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+Mu

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
I Sinar Facility Allows Withdrawal Up To 10 Pct Of Accouts 1 Savings Epf Ceo

I Sinar Facility Allows Withdrawal Up To 10 Pct Of Accouts 1 Savings Epf Ceo

papar berkaitan - pada 17/11/2020 - jumlah : 184 hits
The Employees Provident Fund expects the i Sinar facility to benefit two million eligible members with an estimated advance amount of RM14 billion to be made available Chief executive officer Alizakri Raja Muhammad Alias said the EPF had wi...
2021 Budget Epf Account 1 Withdrawal Targeted Moratorium Among Umno S Proposals

2021 Budget Epf Account 1 Withdrawal Targeted Moratorium Among Umno S Proposals

papar berkaitan - pada 1/11/2020 - jumlah : 232 hits
Ahmad said the withdrawal from EPF Account 1 was most favoured among the people especially those who have been impacted by the Covid 19 pandemic 8211 Bernama file photo PUTRAJAYA Allowing Employees Provident Fund contributors to withdr
Budget 2021 Targeted Epf Withdrawal Facility Of Up To Rm6 000

Budget 2021 Targeted Epf Withdrawal Facility Of Up To Rm6 000

papar berkaitan - pada 6/11/2020 - jumlah : 158 hits
KUALA LUMPUR 8212 The government has announced a targeted Employees 8217 Provident Fund Account 1 withdrawal facility of RM500 per month up to a maximum of RM6 000 for 12 months Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul A
Economists Concerned Over Epf Withdrawal Fiscal Consolidation Projections

Economists Concerned Over Epf Withdrawal Fiscal Consolidation Projections

papar berkaitan - pada 7/11/2020 - jumlah : 158 hits
BUDGET 2021 Economists have expressed concern over the Budget 2021 proposal to allow struggling Employees Provident Fund contributors to a month from their retirement savings In addition while they lauded additional healthcare funding some ...
Epf Fine Tuning Account 1 Withdrawal Facility

Epf Fine Tuning Account 1 Withdrawal Facility

papar berkaitan - pada 10/11/2020 - jumlah : 169 hits
The Employees Provident Fund is in the midst of refining and improving the targeted Account 1 withdrawal facility as announced in Budget 2021 on Friday All views and feedback from various stakeholders are being carefully considered the reti...
Umno Youth Calls On Govt To Allow Epf Withdrawals From Account 1

Umno Youth Calls On Govt To Allow Epf Withdrawals From Account 1

papar berkaitan - pada 31/10/2020 - jumlah : 187 hits
Umno Youth has urged the government to reconsider its resistance to allowing people to withdraw their savings from the Employees Provident Fund Account 1 Umno Youth chief Asyraf Wajdi Dusuki said this is to ease financial difficulties in th...
Enact Anti Hopping Laws At Next Dewan Rakyat Meeting Bar Urges Govt

Enact Anti Hopping Laws At Next Dewan Rakyat Meeting Bar Urges Govt

papar berkaitan - pada 31/10/2020 - jumlah : 240 hits
Party hopping whether in the state assembly or Dewan Rakyat should be outlawed says Bar president Salim Bashir PETALING JAYA Anti hopping laws to prevent state assembly members and MPs from jumping parties should be enacted at the next meet...
Lawyers For Liberty Urges Govt To Release Detained Migrant Children

Lawyers For Liberty Urges Govt To Release Detained Migrant Children

papar berkaitan - pada 6/11/2020 - jumlah : 200 hits
Human rights NGO Lawyers for Liberty has cried foul over the high number of children detained at immigration detention centres It sought their release on human rights grounds as well as to reduce their risk of contracting Covid 19 Numerous ...
Former Defence Minister And Deputy Urges Govt To Explain Rm2 3b Meant For Asset Recovery For Armed Forces

Former Defence Minister And Deputy Urges Govt To Explain Rm2 3b Meant For Asset Recovery For Armed Forces

papar berkaitan - pada 7/11/2020 - jumlah : 223 hits
Provided by Malay Mail In a joint statement today Mohamad Sabu and Liew Chin Tong said the government must provide more details about the asset recovery for the Armed Forces according to the respected service branch as a huge sum of RM2 3 b...
Fungi Wechat Yang Ramai Tak Tahu

Ziana Zain Duta Rasmi Csa Academy

Asan Lembu The Movie

Di Masjid Muhammadiyah Nurul Yakin Paus Quran Dan Sains By Dr Hm Raki

Hospital Kuala Pilah

Ramadan Bazaars 2024 Exploring The Culinary Delights Of Selangor S Ramadan Bazaars

Saya Dan Rafizi Tiada Isu Peribadi Kata Puad

Hallway Wall Art Mockup For A Sophisticated Look



5 Masalah Sosial Yang Akan Timbul Akibat Penggunaan Kereta Elektrik

Koleksi 15 Lagu Hari Raya Terbaru Yang Meriahkan Aidilfitri 2024 Bakal Evergreen Bak Lagu Lama

6 Pantang Larang Penting Kalau Nak Selamat di Sekolah Asrama

Info Dan Sinopsis Filem 19 Puasa Playboys Of Plastik Hitam Astro First

Casimir Zeglen Paderi Yang Mencipta Jaket Kalis Peluru


Lelaki Lihat Lembaga Besar Semasa Solat Berjemaah

Tawarkan Lebih Pilihan Pembiayaan Kepada Mahasiswa

Hari Ini 2 Al Hamdulillah Padi Dalam Pasu

Menu Sahur

Terkejut Jumpa Segenggam Paku Dalam Lemang

Pemain Newcastle Tonali Dituduh Melanggar Peraturan Pertaruhan Bahasa Inggeris