Call on EPF contributors to attend Monday’s “Are EPF monies safe forum”
to vote on five questions about EPF
(Petaling Jaya, Friday): The DAP is
organising a series public forums in the country on "Buyouts and bailouts
- Are EPF, Pensions Trust Fund and public monies safe?" in view of
the widespread and deep-seated nation-wide concerns over the safety
Media Conference Statement
by Lim Kit Siang
Pensions Trust Fund and other public monies in the expanding list
of government bail-outs and buy-outs, whether Time dotCom, MAS, Putra,
Star, Indah Water Konsortium, UEM or Renong.
The forum series will start in Kuala Lumpur on Monday (9th April 2001
at 8 pm) at the Federal Hotel, KL to be followed by one in Penang
on Saturday, 14th April 2001, Perak, Selangor, Negri Sembilan, Malacca,
Johore, Sarawak and Sabah.
I call on EPF contributors to attend Monday’s kick-off of the nation-wide
“Are EPF monies safe” forum series at the Federal Hotel, Kuala Lumpur on
Monday to develop a national consensus among the 9.7 million EPF contributors
by voting on five questions about the EPF, namely:
Whether they are satisfied with the 6 per cent dividend, the lowest in
25 years, declared by EPF for last year;
Whether they agree with the two per cent EPF contribution cut from 11 per
cent to nine per cent for employees for one year announced by the Prime
Minister, Datuk Seri Dr. Mahathir Mohamad in the government’s RM3 billion
economic stimulus package to counter the US economic recession;
Whether they endorse the EPF’s participation in the Time dotCom IPO bailout,
incurring some RM100 million losses from its RM269.28 million investment
in Time dotCom.
Whether they support the call for a new EPF policy of accountability and
transparency on its equity, loan and other decisions involving the future
of the EPF funds which would reach RM200 billion by end of the year.
Whether they support the establishment of an EPF Contributors’ Association
to protect the rights and interests of the 9.7 million EPF contributors.
*Lim Kit Siang - DAP National Chairman