Wednesday November 12, 2008
Solve CPF withdrawal issue with Singapore
AFTER the ICJ ruling on the territorial dispute involving Pulau Batu Putih early this year, there have not been any follow-ups or discussions on the other outstanding bilateral issues such as the development of KTM Bhd land in Singapore, the use of Malaysian airspace by Singapore air-force, the early withdrawal of CPF by Malaysians working in Singapore and the price of water sold to Singapore.
The CPF issue has still not been resolved after many years. It is hoped that the Malaysian Government will pursue the long standing issue pertaining to the plight of many Malaysians who have left the republic for more than a decade and are still unable to withdraw their CPF savings.
Under the present CPF withdrawal regulations, Malaysians from Peninsular Malaysia are only able to withdraw their CPF savings at the age of 50 if they have not been working in the republic for the last two years.
The CPF law on withdrawal seems to discriminate against Malaysians from Peninsular Malaysia as other foreigners, including Malaysians from Sabah and Sarawak, are allowed full withdrawal of their CPF savings when they leave Singapore.
Wisma Putra should talk to their Singapore counterparts to at least allow the early with drawal of CPF savings for Malaysians who have reached the age of 45 instead of 50 and have not been working in the republic for the last two years.
As Malaysia is only asking for early withdrawal, it is hoped that the Republic will be more realistic in its demand should it wish to use the CPF issue as a bargaining chip to resolve the other outstanding issues.
Many Malaysians with CPF savings would appreciate it if they are able to withdraw their CPF savings early to help them ride through the difficu lt times.
ROGER TAY,
Subang Jaya.
Solve CPF withdrawal issue with Singapore
AFTER the ICJ ruling on the territorial dispute involving Pulau Batu Putih early this year, there have not been any follow-ups or discussions on the other outstanding bilateral issues such as the development of KTM Bhd land in Singapore, the use of Malaysian airspace by Singapore air-force, the early withdrawal of CPF by Malaysians working in Singapore and the price of water sold to Singapore.
The CPF issue has still not been resolved after many years. It is hoped that the Malaysian Government will pursue the long standing issue pertaining to the plight of many Malaysians who have left the republic for more than a decade and are still unable to withdraw their CPF savings.
Under the present CPF withdrawal regulations, Malaysians from Peninsular Malaysia are only able to withdraw their CPF savings at the age of 50 if they have not been working in the republic for the last two years.
The CPF law on withdrawal seems to discriminate against Malaysians from Peninsular Malaysia as other foreigners, including Malaysians from Sabah and Sarawak, are allowed full withdrawal of their CPF savings when they leave Singapore.
Wisma Putra should talk to their Singapore counterparts to at least allow the early with drawal of CPF savings for Malaysians who have reached the age of 45 instead of 50 and have not been working in the republic for the last two years.
As Malaysia is only asking for early withdrawal, it is hoped that the Republic will be more realistic in its demand should it wish to use the CPF issue as a bargaining chip to resolve the other outstanding issues.
Many Malaysians with CPF savings would appreciate it if they are able to withdraw their CPF savings early to help them ride through the difficu lt times.
ROGER TAY,
Subang Jaya.
