I guess EPF contributors countrywide must have been very excited about the 6% interest declared just yesterday leading to high traffic on EPF website. I was trying several times to see how much I made from the 6% dividend on my hard earn retirement fund but failed to get into my i-Akaun due to high traffic.
6% is the highest dividend over the past 6 years and perhaps it also clear the air that the Government has misused the fund and thus not being able to pay out good dividend. At least it is better than putting our own savings into the FD which yields very poorly nowadays.
Some say it is an election year and the government is buying votes from the ordinary wage earners. It may be true it may be not, but for the ordinary wage earners, a 6% dividend is still a good return and kudos goes to the board of EPF for their good effort. What we do not want to see is that the dividend payout is being manipulated in such a way that come next year, after the election, we get peanut for 2012.
1 comment:
Hope that there is no peanut for next year.
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