The online survey, i-Account conducted by the Employees’ Provident Fund (EPF) to obtain the views of contributors on aligning the age for full withdrawal to 60 years is not relevant, said the Congress of Unions of Employees in the Public and Civil Services (Cuepacs).
Its president Azih Muda said an open meeting between EPF and interested parties such as workers and employers would have been more suitable.
“It is obvious many do not agree with the proposal, EPF need not carry out the survey,” he said at a media conference here yesterday.
EPF recently asked its members to consider two options – to extend the full withdrawal age from 55 to 60 years in stages over a 15-year period or maintain the full withdrawal age at 55 for existing savings and introduce the new withdrawal age at 60 for contributions of those working after the age of 55.
Azih said Cuepacs was firm on its stand that the proposal would cause retirees greater financial hardship with existing commitments such as house instalments and other expenditure.
Meanwhile the EPF announced it had received feedback from over 30,000 respondents relating to the online survey to improve the pension scheme.
According to an EPF statement, the feedback was obtained up to 1pm yesterday since the launch of the survey at http://www.kwsp.gov.my.
“Information on the EPF improvement scheme and survey can be obtained via the i-Akaun by obtaining the activation code in any 67 EPF branches nationwide, EPF kiosks or (by contacting) the EPF call centre at 03-89226000,” said the statement.
The survey will last for two weeks and ends May 5.
BERNAMA
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