Cuepacs appeals for three-month deferment on civil servants’ LPPSA home loans

A view of the Kuala Lumpur-Petaling Jaya skyline and the Telekom Malaysia building shrouded in haze, taken from Bandar Puchong on February 25, 2014. — Picture by Saw Siow Feng
A view of the Kuala Lumpur-Petaling Jaya skyline and the Telekom Malaysia building shrouded in haze, taken from Bandar Puchong on February 25, 2014. — Picture by Saw Siow Feng

KUALA LUMPUR, APRIL 8 — The Congress of Unions of Employees in the Public and Civil Services (Cuepacs) has appealed to the government to consider a three-month deferment on housing loans taken by civil servants.

It follows the decision by the Public Sector Home Financing Board (LPPSA) today not to defer the monthly instalment repayments as there was no need for a moratorium for housing loans as the welfare of civil servants was being taken care of.

LPPSA in a statement said that the decision was also made to ensure its financial sustainability.

Cuepacs president Adnan Mat said they hoped a three-month deferment period between April and June could be granted and that it could be offered as an option for those who were in need.

“With the deferment in repayment of the LPPSA loan which covers half of the payroll, civil servants and households will have additional money that can be used in the current emergency,” he said in a statement today.

Adnan said the B40 group would be most affected if they do not have a civil servant for a spouse, couples working in the private sector and couples who have a second job such as a side business.

“Some spouses are full-time housewives, self-employed as small traders as well as working in the private sector, which may affect their income,” he added. — Bernama

Related Articles