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Bill Analysis: Central Provident Fund Bill

As with most new legislation, there has been a disturbing lack of consultation and engagement with the public or financial experts on the design of this scheme, which would have been an opportunity to explore risks and opportunities of the various approaches in a measured and evidence-based manner. Instead, we (once again) have a hastily drawn up bill that will have a marked impact on many civil servants and the potential to severely harm the state of the our public finances, that appears not to have been the subject of any serious consultation or technical cost-benefit analysis.

Alert! Election Ahead!

Many people have fought long and hard for the right to vote in Myanmar. The UEC and all state institutions should be rejoicing in the opportunity people now have to freely discuss and debate political ideas ahead of the November poll. But instead, by frightening people with information about potential fines or imprisonment, they are sending out the opposite message.

Backgrounder & Summary: Central Provident Fund Bill

The CPF will affect all new personnel and those with fewer than 10 years of service, counted at the date the law comes into force. Civil service personnel with more than 10 years of service will be able to continue receiving benefits from the old system. The changes under the bill are planned begin in the coming fiscal year, and in the Budget Bill for the 2020-2021 FY, 100 billion kyat has been put for the implementation of the CPF.

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ဥပဒေကြမ်း အကြံပြု ပြင်ဆင်ချက်များ

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