KUALA LUMPUR, May 9 (Bernama) -- The setting up of the Retrenched Workers Fund will be able to be realised after the International Labour Organisation (ILO) completes its risk assessment report on it by the end of this year, said Human Resources Minister Datuk Dr S. Subramaniam.
He said once the assessment report was completed, his ministry would forward a proposal on the fund to the Cabinet for its further action.
"The ministry asked the ILO, which has the actuarial experts on this, to conduct a study based on the situation in our country and recommend a suitable system for the fund.
"We are open on this, if what the ILO suggests meets our needs and can be implemented, the government is willing to go ahead with it," he told reporters after attending the Titiwangsa MIC's annual delegates meeting here today.
He said this when asked to comment on the announcement by Prime Minister Datuk Seri Najib Tun Razak recently that the government would be adopting two specific measures for the benefit of workers as a result of the global economic crisis.
They were the setting up of the Retrenched Workers Fund to assist workers that were laid off and as a pension scheme for private sector workers for social security during their old age.
One the pension scheme, Subramaniam said his ministry was holding discussions with the relevant parties to realise it.
On other matters, he said he welcomed the announcement by Home Minister Datuk Seri Hishammuddin Tun Hussein yesterday that 13 Internal Security Act detainees, including three members of the outlawed Hindu Rights Action Force, would be released soon.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment