The union is campaigning for EPF for employer’s share to be increased from 13% to 20% for especially for those with wages below RM4K, to ensure employees have adequate savings when retire.
1. EPF savings is a collective responsibility. If the employer’s portion is to increase, so should the employee’s, albeit with a much lower percentage.
2. Then, to encourage this collective responsibility and ease the financial burden on both employers and employees, the government should offer attractive tax relief to both with companies receiving a much more significant benefit. The government should also share the burden if they really have heart to support the rakyat’s pockets.
3. Why give people fish when we should teach them how to fish? What do you think will happen when the cost of business rises? Economy rice is not even economical anymore – so many places have rebranded it to mixed rice instead, you get what I mean?
4. Personally, I think the bar to pay OT raised to RM4K was a rash decision. It should have been done gradually, perhaps to RM3K first. From 13% to 20%? Oh wow.
5. Anyways, as an employee myself, I support the initiative. However the increase to 20% is too steep. Perhaps a gradual increase, starting at 15%, would be more appropriate.
I am curious to know what you guys think about this proposal to raise employer’s EPF contribution?
#POV #EPF #MajulahBersama #KitaJagaKita #BebelBimbo
