Civil Servants Warned Against Excessive Loans After Salary Increases

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Civil Servants Warned Against Excessive Loans After Salary Increases
SALARY INCREASESCIVIL SERVANTSLOANS
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The Congress of Unions of Employees in the Public Service (CUEPACS) has urged civil servants to avoid taking on unnecessary loans following salary hikes under the Public Service Remuneration System (SSPA). CUEPACS secretary-general Abdul Rahman Mohd Nordin said the SSPA should not be an excuse for increased borrowing, which could lead to financial hardship. He advised that loans should be taken only for investments with future returns, such as housing or education, and not for immediate gratification.

: Civil servants are reminded to not make unnecessary excessive or overlapping loans following salary increases under the Public Service Remuneration System .

“If you really want to do it, it should only be for purposes that will make a profit in the future such as housing loans or children’s education. Not to buy a mobile phone and so on. The risk is that civil servants will not have money,“ he said on Bernama TV’s ‘Apa Khabar Malaysia’ programme today. Meanwhile, the Top Management Group will receive a salary adjustment of seven per cent with four per cent for Phase 1 and three per cent for Phase 2.

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SALARY INCREASES CIVIL SERVANTS LOANS CUEPACS SSPA

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