Low EPF dividend sparks outrage, MTUC may picket
A low dividend
payout
of 4.25 percent for a 40-year pension by a state pension fund last year has provoked anger among its 10.3 million contributors, officials said today.
"Obviously we are not happy. We had hoped it will be five percent to reflect last year's improved economic performance," said Shafie B.P. Mammal, (left) deputy president of the Malaysian Trades Union Congress, which represents more than one million workers in the country.
Shafie said a special council meeting would be held tomorrow to discuss what action workers would take to express outrage against the Employees Provident Fund (EPF).
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