Workers Union Wants Investigation Into Epf S Financial Standing


 



A workers' union today calls for the government to initiate an independent committee to investigate the financial standing of the Employees Provident Fund (EPF).
This came as EPF said it would need to sell some assets in order to fund contributors' withdrawals from their Account 1.
Union Network International – Malaysia Labour Centre (UNI-MLC), in a statement, said the move has indirectly shown that EPF does not have 'reserved fund' or cash flow in hand.
"We are shocked to read media reports that EPF wants to sell its assets to be able to accommodate withdrawals from Account 1 and Account 2 by contributors, and we strongly oppose the move.
"UNI-MLC sees this as a serious matter, and it looks like EPF is desperate and has no other choice.
"It also indirectly shows that EPF does not have 'reserved fund' or the cash flow, which forces them to take drastic and unconventional action by selling their assets to fund withdrawals during the Covid-19 pandemic," said UNI-MLC president Mohamed Shafie Mammal.
On Tuesday, it was reported that EPF would continue to sell its assets to make funds available to depositors who are withdrawing from their Account 1 and Account 2.
The government had in its Supply Bill 2021 tabled in the parliament on Nov 6 proposed to allow EPF Account 1 withdrawals, aimed only for contributors who are in dire straits financially.
According to Bernama, under EPF's i-Lestari scheme, contributors could withdraw RM500 per month up to RM6,000 from their Account 2.
The i-Sinar scheme allows those who lost their jobs, were given no-pay leave, or have no other source of income to withdraw up to 10 percent of their Account 1 savings, as long as they leave a minimum of RM100 in their accounts.
"UNI-MLC views the decision to sell off assets as raising the question: where did all the contributions have gone to all this while? And is EPF in dire straits?
"If EPF does not have enough funds and has to sell its assets, we suspect that the body is facing issues in its savings liquidity.

"Thus, UNI-MLC calls for the government to set up an independent committee as soon as possible to investigate the standing of EPF financial and funds, and present a thorough report in order to protect the interest of contributors," Shafie added. - Mkini


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

http://malaysiansmustknowthetruth.blogspot.com/2020/11/workers-union-wants-investigation-into.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+M

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
Stemming Retirement Crisis Harder If Contributors Keep Tapping Into Epf Savings Warn Mtuc And Financial Planners

Stemming Retirement Crisis Harder If Contributors Keep Tapping Into Epf Savings Warn Mtuc And Financial Planners

papar berkaitan - pada 13/11/2020 - jumlah : 203 hits
Under Budget 2021 the Perikatan Nasional administration will let retrenched workers withdraw a maximum of RM500 monthly from their EPF Account 1 for a total of 12 months starting January next year Picture by Miera ZulyanaKUALA LUMPUR Nov 13...
Epf S Financial Status Called Into Question Over Decision To Sell Assets

Epf S Financial Status Called Into Question Over Decision To Sell Assets

papar berkaitan - pada 21/11/2020 - jumlah : 154 hits
The Union Network International Malaysia Labour Centre has voiced its opposition to the selling of assets by the Employees Provident Fund NSTP EIZAIRI SHAMSUDINKUALA LUMPUR The Union Network International Malaysia Labour Centre has voiced i...
Tapping Into Workers Savings Is Irresponsible

Tapping Into Workers Savings Is Irresponsible

papar berkaitan - pada 16/11/2020 - jumlah : 248 hits
MP SPEAKS The decision to impoverish workers is political and not fiscal It s ironic when we have to teach the government about being responsible The government tapping into worker s savings to support its social protection policies is bein...
Base Epf Withdrawal Amount On Savings In Hand Union Urges Govt

Base Epf Withdrawal Amount On Savings In Hand Union Urges Govt

papar berkaitan - pada 12/11/2020 - jumlah : 167 hits
A university staff union has urged the government to allow Employees Provident Fund contributors to make withdrawals of more than RM500 per month from their Account 1 if they have higher savings amounts Speaking to Malaysiakini Kesatuan Kak...
Labuan Financial Park Mall Shuttered After Workers Contract Covid 19

Labuan Financial Park Mall Shuttered After Workers Contract Covid 19

papar berkaitan - pada 22/11/2020 - jumlah : 214 hits
The Labuan FP Complex ordered temporary closure beginning today after several workers had tested positive for COVID 19 Bernama picLABUAN The Labuan Financial Park Complex mall has been temporarily closed beginning today after several worker...
Felda Said To Oppose Syed Mokhtar S Proposed Injection Of Plantation Assets Into Fgv

Felda Said To Oppose Syed Mokhtar S Proposed Injection Of Plantation Assets Into Fgv

papar berkaitan - pada 10/11/2020 - jumlah : 292 hits
THE Federal Land Development Authority is understood to be opposed to businessman Tan Sri Syed Mokhtar Albukhary s plan to inject his plantation assets into FGV Holdings Bhd in which the government agency has a 33 66 stake While details are...
Puad Muhyiddin Can Be Caned By Epf S 7 6 Million Members

Puad Muhyiddin Can Be Caned By Epf S 7 6 Million Members

papar berkaitan - pada 23/11/2020 - jumlah : 176 hits
Umno supreme council member Mohd Puad Zakarshi has warned Prime Minister Muhyiddin Yassin that even if he is not willing to listen to Umno or other parties he may be caned by the 7 6 million Employees Provident Fund members in the next elec...
Plaster Over Invitation Date Cmco Throws Wedding Plans Into Disarray

Plaster Over Invitation Date Cmco Throws Wedding Plans Into Disarray

papar berkaitan - pada 9/11/2020 - jumlah : 258 hits
COVID 19 The expansion of the conditional movement order to most parts of the country has thrown wedding plans into disarray at this time of the year Wedding planners and caterers also have to take a hit in light of the Covid 19 safety meas...
Najib Denies Inciting Malaysians To Reject Pn Govt Over Epf Moratorium

Najib Denies Inciting Malaysians To Reject Pn Govt Over Epf Moratorium

papar berkaitan - pada 23/11/2020 - jumlah : 197 hits
Former prime minister Najib Razak today denied trying to incite Malaysians with his call for Putrajaya to allow people a one off withdrawal of RM10 000 from their Employees Provident Fund Account 1 and to extend the loan moratorium He said ...
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

Saya Dan Rafizi Tiada Isu Peribadi Kata Puad

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

Hallway Wall Art Mockup For A Sophisticated Look



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

Biodata Mohammad Rifdean Masdor Atlet Muay Thai Malaysia Yang Gegarkan One Championship Seangkatan Johan Ghazali Jojo


Menu Sahur

Terkejut Jumpa Segenggam Paku Dalam Lemang

Pemain Newcastle Tonali Dituduh Melanggar Peraturan Pertaruhan Bahasa Inggeris

Akmal Sokong Mb Johor Tularkan Isu Kesesakan Tambak Johor

Tanding Solo Pilihan Akhir Jika Umno Mahu Kembali Tadbir Sabah Kata Penganalisis

Netizen Sebak Tengok Anak Lap Air Mata Bella Astillah Ayden Macam Dah Biasa Mesti Mak Dia Selalu Nangis