Set ceiling that limits EPF contributions

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'Tax the rich, sure, but don't punish EPF members that have high savings, they are only doing what was required by the law.' - Chai Sen Tyng

I REALISED that when I feel compelled to write to the press, it is usually over something egregious or downright crazy - as I see it. Maybe it is supposed to work that way.

Perhaps the suggestion to provide different dividend rates according to EPF savings balance was the proverbial last straw, but the public has been fed a steady stream of misinformation in the past few months. This is not quibbling over a more polite parlance, although some can call it alternative"facts".

 

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