KUALA LUMPUR, Jan 9 — The RM10,000 Employees Provident Fund i-Citra withdrawal allowed is not the best solution for contributors adversely affected by the recent floods, says a financial expert.
“During those 20 years, they need at least RM1,000 monthly to survive, hence they should have RM240,000 in savings. But what is happening now is that, on average, the EPF contributors only have RM42 to spend on each month, based on their average savings now,” he said when contacted. Prime Minister Datuk Seri Ismail Sabri Yaakob reportedly said that the government did not intend to approve such a withdrawal for the second time due to the various allocations provided including financial assistance for the flood victims.
The government also agreed to provide a special cash aid of RM2,500 for the purchase of necessities needed. Concurring with Ahmed Razman’s views, senior lecturer at the Finance Department, School of Economics, Finance and Banking, Universiti Utara Malaysia , Dr Adilah Azhari said the withdrawal of savings meant for old age must not be made a normal thing each time a disaster like floods occurred.
It never was. All three schemes were ill-thought. It is the responsibility of the govt to provide those in need and making or forcing them to withdraw from their lifetime savings.
Mereka hanya pentingkan pasaran saham untuk golongan parasit kaya