The Edge seems to have an agenda. Why save for retirement even, it’s better to have nothing and take from those that have saved. That logic has been working well for Malaysia thus far. Capital/investment flight anyone.. 🙄

Why would anyone want to use MIS with the outrageous fees - I prefer removing it from EPF and placing in an ETF tracking S&P500. But that choice won’t be there since the funds below 1m will be stuck in EPF subsidizing others.

https://www.malaymail.com/news/malaysia/202...wals-fr/2028459

” “It is very clear that there is an urgent need for far-reaching solutions covering an effective social safety net programmes, robust labour market policies, sustainable economic growth, reskilling and upskilling of the labour force, as well as policies to encourage automation and digitalisation to help increase productivity and make the economic cake bigger so that employees have better chance to earn more, thereby increasing their contributions to the EPF,” he added. — Bernama”

Finally someone that makes more sense than all this communistic tiered dividend talk.

https://www.thesundaily.my/local/epf-alloca...ammes-EC8675767

https://www.thestar.com.my/business/busines...ealth-disparity



This post has been edited by TheEquatorian: Dec 20 2021, 02:53 AM

Indeed, why is EPF funding what the government should be handling. The fin min seems to think that EPF is his piggy bank.

Yes, I think there is an understanding that the structural problem is from low wages. The Star article refers a discussion of a social system for those that are poor - which makes more sense than meddling with EPF - so it’s more if the govt can afford to implement it with all it’s current liabilities. But structural changes need to come, like converting civil service pension to EPF and rationalizing staff there.

[quote=plc255,Dec 20 2021, 11:41 AM]
Finally found the source of info - from EPF SOCIAL PROTECTION INSIGHT VOL 5 2021 - Appendix H
Source: https://www.kwsp.gov.my/documents/20126/dda...bb-f85b1b3eddbf

More fun fact :

A lot of discussion on the high value account inside this document under the section THE NUANCES OF INEQUALITY IN SOCIAL SECURITY

Below is a selective highlight of my biased reading :-
[/spoiler]

All quotes from EPF SOCIAL PROTECTION INSIGHT VOL 5 2021 - THE NUANCES OF INEQUALITY IN SOCIAL SECURITY
Source: https://www.kwsp.gov.my/documents/20126/dda...bb-f85b1b3eddbf

[/quote]
Well, this is coming from EPF official publication and their comment about high value account... however there is no mention of tier dividend.
Thank you for your link which led me to the EPF article / document indirectly.

[/quote]


This post has been edited by TheEquatorian: Dec 20 2021, 02:29 PM

Is EPF considered a GLIC - hope they are not treating it as their money.

” “The GLICs and GLCs which contributed included Petronas; Yayasan Petronas, Khazanah Nasional and Yayasan Hasanah; Yayasan Sime Darby, CIMB, Celcom, Telekom Malaysia, Yayasan UEM and Employee Provident Fund (EPF). With the Government’s grant of RM25 million, the total fund to deal with flood impact and post-flood recovery has risen to RM75.8 million, ”he said.”

https://m.malaysiakini.com/announcement/603955

https://m.malaysiakini.com/news/604662

Here we go again. Politicise it more and wonder why the balances are so low..

https://www.bharian.com.my/amp/bisnes/lain-...ka-lebih-tinggi

https://www.theborneopost.com/2021/12/27/fo...ood-relief/?amp

Exactly, the cause is not so much the issue as the precedent this sets. Who’s to say what they will choose to ”support” with EPF funds in the future. It’s very odd that MPs are so quiet about this, my take is because of the cause and the opposite side politicising any questions.

Sigh, the institutional integrity is not very impressive here.

Moreover, it is impossible to safeguard the currency when underlying issues are never dealt with. Tbh EPF needs to have a strategy on rationalising staff (as does civil service, restructure their pensions as well) with digitalistion I see that they have disposed many prime office locations, what will the people behind the counter be doing. Upskilling is such a big issues here. Instead there is this idea that we can reallocate dividends to continue to sustain an unsustainable structure in our interdependent globalised economy. You can’t prop up a currency forever if no one believes in the economy.

Rant done. ✔️

https://www.theedgemarkets.com/article/cimb...bonds-suspended

Any idea if EPF is affected?

https://www.thesundaily.my/local/mp-umno-le...vings-CF8722598

Nothing left to plunder..

https://www.freemalaysiatoday.com/category/...fenders-of-epf/

I think 6% is possible with election year and also to motivate people to maintain their balance.

https://www.theedgemarkets.com/article/epf-...21-77-yoy-rm48b

https://www.theedgemarkets.com/article/epf-...tcom-subsidiary

Not a very good deal compared to 94

https://www.theedgemarkets.com/article/epf-...tcom-subsidiary

Not a very good deal compared to 94

https://www.theedgemarkets.com/article/teng...ow-poverty-line