I-sinar conditions too strict, unfair - economic expert

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Title : I-sinar conditions too strict, unfair - economic expert
Category : Malaysians

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I-sinar conditions too strict, unfair - economic expert

Although i-Sinar has been expanded to make more Employees Provident Fund (EPF) contributors eligible to withdraw from their Account 1, there are still complaints about the programme.Some have labelled i-Sinar as 'i-Sedih', 'i-Malap' and other nicknames due to what they deem as its strict requirements, including that the programme is only available to those who have had at least a 30 percent pay cut.An economic expert from Universiti Malaysia Sarawak's Economy and Business Faculty, senior professor Shazali Abu Mansor, viewed the minimum rate of 30 percent pay cut as unreasonable and unfair.The EPF should not place such a restrictive percentage as a condition, but instead should make withdrawals easy to contributors who are desperate and require cash to survive, he said."If it requires a 30 percent pay cut to make a withdrawal, then it’s unfair… those wi…

Although i-Sinar has been expanded to make more Employees Provident Fund (EPF) contributors eligible to withdraw from their Account 1, there are still complaints about the programme.Some have labelled i-Sinar as 'i-Sedih', 'i-Malap' and other nicknames due to what they deem as its strict requirements, including that the programme is only available to those who have had at least a 30 percent pay cut.An economic expert from Universiti Malaysia Sarawak's Economy and Business Faculty, senior professor Shazali Abu Mansor, viewed the minimum rate of 30 percent pay cut as unreasonable and unfair.The EPF should not place such a restrictive percentage as a condition, but instead should make withdrawals easy to contributors who are desperate and require cash to survive, he said."If it requires a 30 percent pay cut to make a withdrawal, then it’s unfair… those wi…


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