Public servants advised against taking on more debt after salary increase under the Civil Service Scheme (CSS).
Public servants are reminded not to take excessive or unnecessary overlapping loans following the salary increase under the Civil Service Scheme ( CSS ). Kongres Kesatuan Pekerja-Pekerja Di Dalam Perkhidmatan Awam (CUEPACS) Secretary-General Abdul Rahman Mohd Nordin said CSS should not be used as an excuse for public servants to increase their loans, which will ultimately add to their financial burden.
'If you want to take out a loan, it should be for purposes that benefit you in the future, such as housing or education for your children, not for buying mobile phones and so on. 'The risk is that public servants may face financial problems,' he said in the 'Apa Khabar Malaysia' program broadcast by Bernama TV today. Under the CSS, which takes effect on December 1, officers in the Executive Group and the Management and Professional Group who choose this scheme will receive a salary adjustment of 15 percent in phases. The first phase, eight percent, will be given in December 2024, while the remaining seven percent will be given in Phase 2, in January 2025. The Top Management Group (TMC) will receive a salary adjustment of seven percent, with four percent for Phase 1 and three percent for Phase 2. Meanwhile, Abdul Rahman said the implementation of CSS is timely as public servants' salaries have not been reviewed for almost 12 years, while the cost of living has continued to rise during that period. 'When it is not reviewed, coupled with the current economic situation, it burdens and strains public servants because the cost of living is high, making it difficult to meet daily expenses, including for housing,' he said. Asked about CUEPACS's view on 1,400 public servants who chose not to accept the CSS option, he said that it was inevitable and CUEPACS respected the decision
PUBLIC SERVANTS LOANS CSS SALARY INCREASE FINANCIAL BURDEN
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China State Media Warns Against Trump's Threat of Additional Tar on Chinese ImportsUS President-elect Donald Trump threatens additional tariffs on Chinese imports unless Beijing clamps down on fentanyl precursor trafficking. China’s state media warns against politicizing economic and trade issues and making China a scapegoat for the US fentanyl crisis.
Read more »
Vocational student murder: Judge warns families of accused against witness intimidation(Reuters) - Shares of Dell and HP fell on Wednesday after the personal computer makers issued forecasts that cast doubt on a market recovery driven by artificial intelligence-enabled PCs.
Read more »
Malaysia Minister Warns Parents Against Leaving Children UnattendedDatuk Sri Nancy Shukri, Minister of Women, Family, and Community Development of Malaysia, has warned parents against leaving their children unattended. She stated that while economic pressures are understood, they should not be used as an excuse for neglect, emphasizing the risks to children's safety and the legal implications.
Read more »
Minister Warns Parents Against Leaving Children UnsupervisedWomen, Family, and Community Development Minister Datuk Seri Nancy Shukri has urged parents not to neglect their children by leaving them unsupervised while earning a living. She emphasized the legal and safety risks involved and suggested seeking support from family or friends for those facing difficulties.
Read more »
Trump warns BRICS nations against replacing US dollarBANGKOK: Thailand is grappling with a pressing gambling crisis, with nearly 5 million children and young people participating in various forms of gambling, according to health experts and academics speaking at a forum on Friday (Nov 29).
Read more »
Malaysia PM Reviews Bank Accountability Mechanism, Warns Against Excessive Insurance Premium HikesPrime Minister Anwar is reviewing a mechanism to hold banks accountable for negligence in scam cases, potentially adopting the UK's compensation principle. Meanwhile, DAP chairman Lim Guan Eng warns against excessive premium hikes by life insurance companies, which could cause public outrage and strain healthcare resources.
Read more »