KUALA LUMPUR:Although i-Sinar has been expanded to make more Employees Provident Fund (EPF) contributors eligible to withdraw from their Account 1, there are still complaints about the programme.
Some have labelled i-Sinar as 'i-Sedih', 'i-Malap' and other nicknames due to what they deem as its strict requirements, including that the programme is only available to those who have had at least a 30 per cent pay cut.
An economic expert from Universiti Malaysia Sarawak's Economy and Business faculty, senior professor Datuk Shazali Abu Mansor, viewed the minimum rate of 30 per cent pay cut as unreasonable and unfair.
The EPF should not place such a restrictive percentage as a condition, but instead should make withdrawals easy to contributors who are desperate and require cash to survive, he said.
"If it requires a 30 per cent pay cut to make a withdrawal, then it’s unfair… those with low salaries and dealing with a 20 per cent pay cut are not eligible but those with a high salary and taking a 30 per cent pay cut qualify instead.
"This is unreasonable and we need to make it easy for those who are suffering, instead of adding salt to their wounds by making them ineligible to withdraw their own money… the government needs to think of a better way,” he told Bernama when contacted yesterday.
He said that since the strict conditions were not decided in Parliament, then the EPF should not place such difficult requirements. Instead, it should allow withdrawals by contributors who have pay cuts, no matter what the percentage.
"If someone has money and is not affected, they will not go to the EPF to ask for anything, but if they are willing to go and queue for so long, it means they are desperate and require the money,” he said.
Shazali said the government should allow contributors to withdraw a certain sum for business capital in order to make ends meet, with the condition that they have to repay the amount withdrawn.
Malaysian Trades Union Congress (MTUC) president Datuk Abdul Halim Mansor said those who don’t qualify but really need the withdrawal should appeal to the EPF.
"Although the conditions are set by the EPF, workers can go to the EPF and appeal… I hope the EPF will consider those who really need the assistance,” he said.
But at the same time, contributors who qualify to apply and receive the i-Sinar funds must understand that it is financial assistance and should be spent according to necessity.
"MTUC is afraid that the money withdrawn under the i-Sinar programme will be spent on things outside of its objectives and when the money is gone, they will still face difficulty and still do not contribute to the EPF… when that happens, what aid can be given by EPF and the government?” he said.
Under the Employment Act 1955, no company can simply cut the salaries of its workers and any pay cut must require prior permission of the Human Resource Department.
Last Wednesday, the EPF announced two categories of contributors who are eligible for withdrawals, with category one being contributors who work in the formal sector, self-employed, working in the gig economy, members who have not contributed for some time, loss of job, housewife or members given no paid leave notice.
The criteria for category 1 are that members who have not contributed to the EPF for two months straight during application, or workers who are still working but experiencing pay cuts of at least 30 per cent after March 2020.
Category two are for members who are still working but have a 30 per cent or more pay cut, including reduction of salary and allowance, or cuts to overtime after March 2020, and the reduction must be supported by documents provided by the member.
-- BERNAMA
Bernama
Fri Dec 04 2020
An economic expert from Universiti Malaysia Sarawak's Economy and Business faculty, senior professor Datuk Shazali Abu Mansor, viewed the minimum rate of 30 per cent pay cut as unreasonable and unfair. AWANIpic
Former New Zealand PM Jacinda Ardern receives UN leadership award
Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.
ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM
The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.
KTMB provides two additional ETS trains for Christmas, school holidays
KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.
BNM'S international reserves rise to USD118 bil as at Nov 15, 2024
Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.
Findings by dark energy researchers back Einstein's conception of gravity
The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.
NRES responds to Rimbawatch press release on COP29
The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.
Online Safety Bill and Anti-Cyberbullying Laws must carefully balance rights and protections
The Online Safety Advocacy Group (OSAG) stands united with people in Malaysia in the fight against serious online harms.
Malaysia's inflation at 1.9 pct in Oct 2024 - DOSM
Malaysia's inflation rate for October 2024 has increased to 1.9 per cent, up from 1.8 per cent in September this year.
Saudi Arabia showcases Vision 2030 goals at Airshow China 2024
For the first time, Saudi Arabia is participating in the China International Aviation & Aerospace Exhibition held recently in Zhuhai.
King Charles' coronation cost GBP 71mil, govt accounts show
The coronation of Britain's King Charles cost taxpayers GBP72 million (US$90 million), official accounts have revealed.
Couple and associate charged with trafficking 51.9 kg of meth
A married couple and a man were charged in the Magistrate's Court here today with trafficking 51.974 kilogrammes of Methamphetamine.
PDRM to consult AGC in completing Teoh Beng Hock investigation
The police may seek new testimony from existing witnesses for additional insights into the investigation of Teoh Beng Hock's death.
Thai court rejects petition over ex-PM Thaksin's political influence
Thailand's Constitutional Court rejects a petition seeking to stop Thaksin Shinawatra from interfering in the running the Pheu Thai party.
Abidin takes oath of office as Sungai Bakap assemblyman
The State Assemblyman for Sungai Bakap, Abidin Ismail, was sworn in today at the State Assembly building, Lebuh Light.
UPNM cadet officer charged with injuring junior, stomping on him with spike boots
A cadet officer at UPNM pleaded not guilty to a charge of injuring his junior by stomping on the victim's stomach with spike boots.
How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled
The indictment was unsealed on Nov. 20, prompting a $27 billion plunge in Adani Group companies' market value.
Elon Musk blasts Australia's planned ban on social media for children
Several countries have already vowed to curb social media use by children through legislation, but Australia's policy could become one of the most stringent.
Trump picks Pam Bondi for US Attorney General after Gaetz withdraws
Bondi was the top law enforcement officer of the country's third most populous state from 2011 to 2019, and served on Trump's Opioid and Drug Abuse Commission during his first administration.
Ringgit extends uptrend against greenback in early trade
At 8 am, the local currency climbed to 4.4600/4700 against the greenback.
Lebanon's only burn unit treats toddlers after Israeli strikes
The hospital hallways echo with the screams of children as anxious parents await news from doctors.