Tuesday, August 2, 2016

EPF balances to SCWF. Why object ?

“The Govt’s move to divert unclaimed EPF balances to a welfare fund is unfair.”

An Editorial of BusinessLine, saying this as an avoidable controversy, and quoting Trade Unions, asserts that the Govt’s decision to transfer unclaimed EPF balances to a SENIOR CITIZENS’ WELFARE FUND is not right.

The unclaimed funds, in fact, are said to be mainly the retirement savings of low-income workers. This is the reason for the objection. And no one is against the SENIOR CITIZENS’ WELFARE FUND !  No one thinks why they are unclaimed !

ISROfef believes the Govt is right in putting these unclaimed funds to a NOBLE CAUSE of Senior Citizens. Trade Unions here are playing just Politics!!

If you feel different, you may please comment.


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