'EPF, please don't kill patient to cure the disease'

'EPF, please don't kill patient to cure the disease' - Hello loyal readers FeedGoogle, In the article you are reading this time with the title 'EPF, please don't kill patient to cure the disease', We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

Sarawak Bank Employees’ Union head Andrew Lo has called on the Employees Provident Fund (EPF) to not sacrifice its member's retirement savings for immediate gratification."Sarawak Bank Employees’ Union and the Sarawak Malaysian Trades Union Congress (MTUC) fully understand the statement by the EPF that it needs to liquidate assets to fund the withdrawals that the government imposed on it during Budget 2021."However, the EPF must not be a cash cow to compensate for the government’s inadequacy and inability to provide assistance to millions of poor workers, especially those working in the private sector," said Lo (above), who is also Sarawak MTUC chief.He said that if the EPF is forced to liquidate its assets and rebalance its portfolio to make billions available to contributors in need of funds to lessen the financial turmoil, then it would lose a great oppor…