MCA wants employees to have options on EPF withdrawal

MCA HQ, 31 July – The MCA Presidential Council had unanimously decided that private sector employees should be given the option to withdraw their Employee Provident Fund (EPF) at 55, said MCA President Datuk Seri Dr Chua Soi Lek at the press conference today after chairing the Presidential Council meeting at MCA Headquarters in Kuala Lumpur.

Explaining that this was because many people were caught unaware of the extension of retirement age to 60, Soi Lek said that many people may already have made long term plans to retire at 60 and as such they should be given the flexibility to decide if they want to withdraw their EFP at 55 years or not, even more so during this transitional period.

Listen to the people

On another issue, Soi Lek also said that the Council had deliberated on the matter of allowing students to being handphones to school and had felt that the Ministry of Education should listen to the public over this, in particular the parents.

"Datuk Dr Wee Ka Siong (MCA National Youth Chairman cum Deputy Minister of Education) had briefed us, and that it is just preliminary discussion to get feedback from parents," said Soi Lek, adding that there were pros and cons to the issue.

While explaining that MCA was aware of the trend in the world to move towards using IT gadgets in schools, Soi Lek said that it was decided that the Education Ministry should not proceed if opposition from parents are overwhelming.

-MCA online-

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