Tuesday 21 August 2012

MTUC wants EPF to restore original death benefit scheme

August 21, 2012
PETALING JAYA, Aug 21 — The Malaysian Trades Union Congress (MTUC) has called on the Employees Provident Fund (EPF) Board to immediately restore the old formula for the payment of death and incapacitation benefits to the 6.28 million active members.

Under that formula, members were entitled to a one-off payment of between RM1,000 and RM30,000 from the EPF’s Death and Incapacitation Benefit Fund, said MTUC vice-president A. Balasubramaniam.

Currently, however, they were only paid RM5,000 for incapacitation and a flat rate of RM2,500 for death from the fund, he said today.

He pointed out that the payment was inadequate as Malaysia did not have any unemployment benefits system or a national insurance scheme for private sector workers.

It also did not have a national health policy to support the unemployed and their families when the main breadwinner suddenly dies or is incapacitated, he said.

Balasubramaniam said according to MTUC’s studies, those members most prone to accidents and sickness were menial and outdoor workers.

He added that as the cost of living had gone up, it was only appropriate that the benefit fund be restored to the old quantum of payment. — Bernama

No comments:

Post a Comment