EPF Boost for Wife

EPF- boast

EPF boost for wives

The Employees Provident Fund will now allow husbands to make contributions to accounts under their wives' names.

This move is "SUPPOSELY" aimed at providing the housewives some financial security in their old age and also prevent them from being left in the lurch should their spouses desert them. EPF said it would embark on a campaign to educate housewives on this provision so that they could encourage their husbands to make the contributions.

EPF deputy chief executive officer (management and organisation development) Rusma Ibrahim said that one benefit of being EPF members was that the housewives would earn better returns in the form of dividends compared to the interest from bank savings accounts.

The objective of EPF is that they are concern that wifes should have enough savings to enable them to live out their golden years.

Women's groups hailed the move by the EPF, saying it was the first time a major government agency was recognising the hard work put in by homemakers. Wanita MCA chief Datuk Dr Ng Yen Yen said this was part of the government's gender sensitisation programme. Sisters in Islam executive director Zainah Anwar said the EPF's initiative was a good way to recognise and value the women's work at home.

COMMENTS:

INTERESTING! CARING! IDEALISM! FANTASY......

EPF boasted that they gave better returns as compared to FIXED DEPOSIT INCOME FROM BANKS.....wow!!!!!!

I am surprised; EPF is benchmarking their ROI against FD's rate; the lowest rate of RISK-FREE RETURN for investors.

As Malaysians, investments definitely deserve better returns; you don't compare investments with FD's interest rate. At least, it should be comparable with bond funds' return on investments, or if possible, with returns from investment funds such as Templeton, Berkshire Hathaway, or maybe, Public Mutual.

But EPF's dividend is 4.5% to 5% only! Wouldn't it be wiser for husband to contribute to some other investment instruments, other than the EPF?

Mediocrity breeds mediocrity; and we can boast of it! That's Malaysia BOLEH!

Deputy Culture, Arts and Heritage Minister Datuk Wong Kam Hong described the EPF's move to allow men to contribute to their non-working wives' accounts has been described as an ingenious idea.

Do you know what is an ingenious idea?

Is it ingenuity of taking us for a ride, or

Is it ingenuity that Malaysians are fools and they have no better way of getting ROI of 4.5%pa?

Are you fuckingup our intellectuality?