The Retrenchment Workers Fund (RWF), which is aimed to help workers laid off from jobs, will become a reality once the risk assessment carried out by the International Labour Organization (ILO) found the implementation viable.

The assessment is expected to finish by the end of year 2009.

According to the Human Resource Minister, Datuk Dr S Subramaniam, once the assessment report is completed, the ministry will forward a proposal to the government on its next course of actions.

The ministry seeks the assistance from the International Labour Organization as the latter possesses the necessary actuarial expertise in evaluating the feasibility of the retrenchment fund.