KOTA KINABALU, June 17, 2012: Member of Parliament for Sepanggar Datuk Eric Majimbun said the Federal Government's total loan from the Employers Provident Fund (EPF) stood at RM144.5 billion as of December 31 last year.
Towards this end, he asked whether the Government would be able to repay such a huge amount of money.
This is based on the written answer from the Finance Ministry to his question in Parliament on March 12, he said, believing that this is probably the reason why EPF payment has been prolonged to the age of 60 under the Minimum Retirement Age Bill.
"People are worried and scared that they might lose their hard-earned savings just because of the ways the government of today is doing with their EPF money. The Government is supposed to have a high sense of responsibility to protect the people's money which they have entrusted to it," he said.
Worst of all, the Barisan Nasional (BN) Government has used the EPF money to bail out Malaysia Airlines (MAS) losses, he said via SMS from Kuala Lumpur.
On the first reading of the Minimum Retirement Age Bill 2012 tabled by the Human Resource Minister in Parliament, Majimbun, who is also SAPP Deputy President, said the Government seems to be doing it in such a rush without considering the implication towards both the employers and employees, particularly on retirement benefits.
"There was no mention if any amendment would be done on the EPF, particularly on the savings withdrawal matters," he said.
By Larry Ralon
www.ipetitions.com/petition/independence-for-sabah
ReplyDeleteIf you are interested in independence for Sabah, please sign the petition. It may not seem important to some but at least it gives us an idea in terms of numbers no matter how small. It also doesn't matter which political party you support. Things will be worked out once it is known what the majority desires. This is also an opportunity for our Sarawak cousins to kick start their own petition if they too desire independence. Thank You!
The only way towards change is through voting, those who are not willing to vote does not deserves to complain.
DeleteA quarter-million Sabahans above the age of 21 have yet to register as voters, how to make a change?
Deletehttp://www.theborneopost.com/2012/06/08/big-number-not-registered-as-voters-in-sabah/
Who is going to lead Sabah later? Without good leadership, the situation will be worse.
DeleteMake a change as a voter.
DeleteTo sign or not to sign is your decision. Hopefully with enough signatures we can take the next step of action. What are you doing about it? How long are you going to wait for good leadership? Leaders are groomed and taught, they don't just pop out of the hat. Carry the weight and become a good leader in your own right. Lead and others will follow. If I were to ask you to follow me because I feel I am a good leader. Will you? Perhaps your answer will be "No", so then I will not tell you to wait till the sky falls down.
DeleteBEST RETIRE SOON BEFORE THE PUTRID JAYA MAGICIANS MAKE YOUR MONEY DISAPPEAR!
ReplyDeleteIn case you didn't known they spent 11 billion plus of Sabah Sarawak oil money on building their putrid Disneyland as their new admin centre!
They also used stolen oil money to build the Sabah and Sarawak (Petronas) Twin Towers!
If we continue in Malaysia all our oil wealth will be drained dry by Malaya to develop Malaya and enrich UMNO BN elites.
If we can become independent our oil money can be more usefully spent on improving our people’s standard of living, health care education and creating a self sufficient economy.
The only independence that Sabah can get is autonomous power, Sabah and Sarawak should be self-governed.
DeleteThe EPF interests now is all time high in 10 years.
ReplyDeleteDont worry, the state government will pay it back.
DeleteI'm sure the Govt. will not break their promise,
DeletePasti kerajaan akan membayar balik, kerajaan tidak akan menyusahkan rakyat.
Deletekerajaan mesti membayar balik wang tersebut...
DeleteHigh time now but about our future?
DeleteWe should look in long term.
DeleteThe Federal Government said they are making steady profits from the EPF investments.
ReplyDelete"EPF's total investment assets continued to register healthy growth of 6.52 per cent to RM469.22 billion from RM440.52 billion recorded in the previous year."
http://my.news.yahoo.com/asrul-hadi-abdullah-sani-090000340.html
This is a positive sign. Hopefully this situation is maintained.
DeleteIf the profits are healthy, why is there no mention of borrowed funds being returned to the EPF and why the sudden increase in retirement age. Suspect!
DeleteFor them to borrow money from EPF in the first place tells you that Malaysia is Bankrupt!
I won't feel threatened. After all, BN government has the best government in the whole Msia.
DeleteTidak mungkin kerajaan guna duit KWSP untuk sesuatu yang berisiko hingga merugikan pencarum.
ReplyDeleteTanggungjawab kerajaan memastikan segala pelaburan memperolehi hasil yang positif.
DeleteDulu cakap PTPTN, sekarang EPF la pula.
DeleteKenalah percaya kepada kerajaan.
DeleteSetuju dengan anon. Nanti lepas EPF entah apa lagi yang dorang akan cakap.
Deletekerajaan pasti akan menjaga wang pekerja dgn baik.
DeleteBiasa lah pembangkang, sekarang isu EPF lagi durang mau perbesarkan. Sedangkan kerajaan pasti tahu apa yang mereka buat.
Deletewang pencarum harus dikembalikan...
DeleteKerajaan semakin tiada duit, mungkin duit pencarum juga digunakan? Tiada orang tahu.
Deleteduit yang dilaburkan pasti akan menguntungkan KWSP.
ReplyDeletei want my money when i'm 55... can i take legal action ?
ReplyDeleteWhat for? the Govt will pay back for sure...
DeleteBuat apa, buang masa dan buang duit ja.. jangan risau, kerajaan pasti akan bayar balik.
DeleteDon't worry, KWSP is rich enough. They even purchase property in UK.
ReplyDeletednt believe in anything the opposition says...
DeletePembangkang akan cuba sedaya untuk menjatuhkan kerajaan dengan isu2 seperti ini.
DeleteKWSP antara institusi kewangan terbesar dunia...
DeleteItu juga kerajaan membuat pinjaman dari KWSP?
Deletepembangkang selalunya hanya mengkritik saja..
DeleteJangan terpedaya dengan kata2 pembangkang.
ReplyDeletepembangkang tahu temberang saja...
DeleteRakyat pasti tahu dan bijak membuat penilaian. So rasanya takda hal yang perlu kita fikirkan. hehe
Deletepay for MAS's losses? this may be a mistake.
ReplyDeletePembangkang ni hanya tahu membangkang saja.. hhmm, susahlah kalau berterusan mcm ni.
ReplyDeleteApa akan terjdi jika BN menjadi pembangkang pula? Tidak mungkin BN akan mendiam diri?
Deletesekarang ini semua pun mau jadi hero untuk dapatkan sokongan.
DeleteHarap rakyat dapat membuat penilaian yang sewajarnya mengenai perkara ini.
ReplyDeleteMacam-macam hal timbul. Boring dengan hal ini, cepatlah PRU.
ReplyDeletebiasalah dekat2 pru memang macam ni..
DeleteWhat we need is a good and God fearing leader in Sabah.
ReplyDeleteWe can make a lot of change by voting wisely.
ReplyDeleteVoters can make a difference.
ReplyDeleteLet’s hope the government will fulfill their promise.
ReplyDeletekerajaan akan tunaikan janji mereka.
DeleteThe situation can only get better.
ReplyDeleteKerajaan pasti akan menunaikan janji mereka.
ReplyDeleteSAPP tetap akan kalah pada pru13 nanti..
ReplyDeleteJangan gunakan duit simpanan pekerja ini sesuka hati.
ReplyDeletemake sure any cent going out with the return of few ringgit.
DeleteIts should be flexibility to withdraw.
ReplyDeleteKerajaan harus bijak menguruskan wang rakyat. Jangan pula sehingga negara kami menjadi muflis.
ReplyDeleteMake sure the one who win at the end is the people.
ReplyDeleteJust give the money phase by phase. It is good for the people too.
ReplyDeleteThe people has right to have their money back when the time is come.
ReplyDeleteyang penting kewangan diuruskan dengan baik dan cekap.
ReplyDeletesebaiknya setiap isu diberikan penjelasan.
ReplyDeletekewangan yang diuruskan dengan bagus akan memberikan keuntungan pada semua.
ReplyDeleteWell it is the final decision they made?
ReplyDeleteEvery decision they made i am sure they have discussed it and make the best of it.
ReplyDeletenest time, minta kerajaan pinjam dengan IMF pula.. kita tengok apa akan jadi..
ReplyDelete