KUALA LUMPUR - The Employees Provident Fund (EPF) should give priority to workers' views when making investment decisions, the Malaysian Trades Union Congress vice-president J. Solomon said today.
He said this was essential as the EPF was meant to be an "old age" fund to sustain the workers when they retired.
"It's therefore of utmost importance that the workers are involved in such investment decisions since this would affect their future," he told Bernama.
He claimed that some companies known to be anti-workers and for other worker-related violations were beneficiaries of the fund's investments.
"This kind of investment must cease immediately as it's not fair to use workers' hard-earned money to help companies which are against workers' interest," he said.
Solomon called for the EPF board to be ethical and transparent in its investment policy so that workers could be assured that their monies in the fund were properly utilised. – Bernama
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