Give interest-free loans instead of taking from EPF nest egg, MTUC urges govt
Monday, 23 Mar 2020 05:46 PM MYTMTUC's secretary-general J. Solomon said if workers were to withdraw money from their EPF savings, it would result in the loss of annual and compounded dividends in the long term. — Reuters pic
“They should be allowed to start repaying through salary deductions once the situation returns to normal. The government should have the moral courage to dig into its reserves to pump this money directly into the pockets of workers without having to compromise their old age savings,” he said in a statement.
“This is not a morally right thing to do. It is a case of having to ‘rob’ from one’s own savings, arising from the failure of the government to protect its people,” he said.
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