Najib’s EPF proposal ‘robbery in disguise’, says DAP man

[superadmin]

PETALING JAYA: Najib Razak’s proposal to restructure the Employees Provident Fund (EPF) dividend payouts on a sliding scale has been described as “robbery in disguise”.

DAP deputy youth chief Chiong Yoke Kong was responding to the former prime minister’s proposal that EPF members with lower savings receive higher dividends.

He said Najib’s proposal in a Facebook post yesterday reflected that he did not understand the fundamentals of the EPF system.

Najib had proposed that members who contributed less should receive a higher dividend compared to those who contributed more.

In a statement, Chiong responded: “Allowing members with lower deposits to obtain higher interest rates is actually a robbery in disguise against law-abiding and honest members who have made long-term deposits.”

It was also a complete betrayal of the principles of fairness and justice, he added.

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