Aug 04 2008
Housing fund proposal for estate workers
Human Resources Minister Dr S.Subramaniam proposed yet another fund for estate workers, this time for housing. Earlier, he talked about setting up retirement fund. This new fund is for those who have worked for more than 10 years to help purchase their own homes upon retirement. This is similar to the Felda scheme, where the employer would set aside RM100 monthly for each employee. This can avoid housing problems faced by those retiring. But looking at current increasing house prices, it may need RM200 per month to build a substantial amount.
Let’s see how many plantations will take up this suggestion. Perhaps the government can start the ball rolling by donating RM15 billion, which comes to about RM10,000 for each worker. Hmmm, that sounds like too much. How about RM15 million, which is RM1000 per worker?
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