Abdullah Agrees With EPF To Reduce Contribution For Workers Over 55

don't ask too many questions, i can't answer






KUALA LUMPUR, May 7 (Bernama) -- The Employees Provident Fund (EPF) must have a good reason to reduce contributions by the employee and employer to the savings scheme for workers over 55 years old, Prime Minister Datuk Seri Abdullah Ahmad Badawi said today.
Abdullah, who is also Finance Minister, said he agreed with the provident fund's decision to reduce employees' contributions from 11 per cent to 5.5 per cent and employers' share from 12 per cent to 6.0 per cent.
"I will go along with the EPF. I think there must be a good reason why the EPF wants to reduce the contributions," he told reporters after opening the World Halal Forum 2007 here.
Asked if the move disregarded senior citizens' contributions to the nation, Abdullah said: "They have already performed their service (and) have earned their income and contributed to the EPF, and the employers have also made their contributions."
The EPF is seeking to amend the contribution rate as outlined in the EPF (Amendment) Bill 2007.
Cuepecs, the umbrella union for government employees, had earlier questioned the move, saying that it would seek a meeting with the EPF on the matter.

tunku : i don't see this as a wise move by the EPF.the best part is pak lah's answer on what is the reason replies that "I will go along with the EPF. I think there must be a good reason why the EPF wants to reduce the contributions,". he thinks only and guessing there must be good reason but don't know what is the actual reason.this is not a smart answer by a person who is a pm of a country.you should know what is the reason before you support the decision.God save Malaysia.