KUALA LUMPUR: The Workers Provident Fund (EPF) will launch the i-Sayang facility within the first quarter of 2022, as a part of its on-going effort to enhance the livelihood of the folks.
Chairman Tan Sri Ahmad Badri Mohd Zahir stated the power will enable for the voluntary switch of two.0 per cent EPF contributions from the husband’s to the spouse’s account.
One other facility the retirement fund is ready to launch is i-Lindung, which permits the withdrawal from Account 2 to buy life and important sickness insurance coverage by means of the EPF platform.
“Different initiatives we’re exploring embrace the gradual method in direction of mandating authorized EPF protection to non-agriculture casual sector employees.
“We may even be advocating our voluntary extra scheme the place members can compel their employers to extend their EPF contribution to greater than the 11 per cent statutory charge,” he stated in his opening speech on the ninth Worldwide Social Wellbeing Convention (ISWC) 2021, held each just about and bodily at present.
The 2-day ISWC2021 was formally launched by prime minister Datuk Seri Ismail Sabri Yaakob.
On the convention, Ahmad Badri stated this 12 months’s ISWC goals to put out the totally different points of the worldwide inequality points.
“Collectively we imagine that an improved social safety framework might help us in minimising, if not eradicating, its destructive impression to humanity,” he stated.
In the meantime, EPF chief government officer Datuk Seri Amir Hamzah Azizan, in his preliminary remarks, stated one of the vital worrying considerations uncovered by the COVID-19 pandemic was the intensified problem of inequality.
“The problem of inequality has been festering properly earlier than the pandemic. Whereas many countries have tried to stem the COVID-19 impression by means of intensive and short-term mobilisation of sources, these initiatives can solely be momentary fixes, and never long-term options which might be in a position to defend the lives and livelihood of the folks.
“Due to this fact, this 12 months’s ISWC has been scaled up as fellow organisers, comprising the nation’s powerhouses, convened with a formidable line-up of audio system, to delve deeper into the problems of inequality and their many alternative aspects that embrace financial, healthcare, and schooling inequalities,” Amir stated.
The 2-day ISWC 2021 is collectively organised by the EPF, Ministry of Finance Ministry, Implementation Coordination Unit of the Prime Minister’s Workplace, and Worldwide Social Safety Affiliation.
Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz is scheduled to shut the convention tomorrow. – Bernama