Aleph's

Aleph's
View from my village...

Thursday, November 6, 2008

EPF Contribution 3% Reduction : Is It Wise?

Read in the news today, EPF will "enforce" automatic 3% reduction over employee contribution. From my point of view, I don't see this would be any wiser, besides it's contradict to what Najib had mentioned earlier - the reduction will be on employee's decision, not to be automatic.

Living in Malaysia and learnt much about their habit, the purpose of contributing to EPF will a little bit off path. Many researches show that more than half of Malaysian population does not have enough saving for their retirement. Contributing factor would be due to less of saving.

By giving the "extra money" which was forked out from the pocket and put on the hand of the very person - I don't see any interesting part here. It is not "new" money received anywhere else, but from ones pocket itself. And having the extra money, will not help much in the environment that customer's buying power is pretty low.

The sudden of nearly half increasement of fuel prices, then followed by stages of small price reduction is pretty much unfair. While the world oil prices has put break and goes below the line, government should be proactive to reduce and meet the rate of market.

Looking back at the automatic reduction once again, mind you the 3% automatic reduction will be NOT be tax-exempted. How creative our government!

2 comments:

jalilsalleh said...

aku rasa keadaan ekonomi negara skang ni kurang baikla..but Pak Lah tak nak la nampak sangat teruk cara dia manage ekonomi negara then dia cover benda tu kata ekonomi malaysia sedang ok sedang ekonomi dunia tgh turun, so utk cover balik duit yang dah takde kena la potong dari macam2...aku dengar macam kata yang subsidi minyak 3kupang konon nak bagi tu masa naik harga dulu pun nak kena tarik so malaysia akan jadi negara zero subsidi on oil huhu...matilaa walau aku tak tau fungsi inflasi tapi inflasi kita sekarang ni dengar2nya sangat tinggi dah...
haha..mati la aku tak tau apa aku membebel ni..

Anonymous said...

Berbaloikah dengan setakat potong 3%?

X nmpak kesan sgt pun.

Better simpan dari potong. Klu gaji rm2000 br dpt rm60. Isy2....

Dah x de idea lain ke nak increasekan kecairan duit dlm negara