unfortunately, nothing much we rational people can do, except take steps to diversify our egg nest... as much as I like EPF, truly annoying to see the mess that is these few days.
There may still be some hope that the removal of pension scheme for new civil servants (and introduction of epf to these cohort) will provide the stabilization of funds for the EPF pool.

Also, judging at how busy the system been, pretty much the withdrawals from Acct 3 is expected to be in full swing. Fat hopes now on the funds in Acct 3 can get the same dividend rate as Acct 1 & 2.... no stickiness at all on the funds in Acct 3.

Well EPF did mention about account 3 lower dividend rates moving forward....

So I expecting rates around 2.5% or lower???

Well EPF did mention about account 3 lower dividend rates moving forward....

So I expecting rates around 2.5% or lower???

Conventional epf account has min 2.5% wor

like what @MUM said, the law currently states cannot be lower than 2.5% for conventional. they would need to change the EPF Act to put it lower.

For the time being, mgs are trading way higher than 2.5% pa, so all EPF needed to do is just buy and sell govies as and when needed for the acct 3 pool.

Yep. A lot of unkers here doing just that. Money should work for you, not the other way round. Keep doing what you're doing and you will have the last laugh!
11k for a bodoh phone. Siaow. RM2k is the max I will go. Now RM1k phone also extremely good already.  Buy 11k phone
..which do everything same as your last phone....just dumb. My phone already back cover came off and I hold it together with a casing cover, lol. Still have 1 more year of software update I think (Samsung gives 3 -4 years). Won't buy new phone until it's totally dead. Hell, I even done my repair myself my last phone and pass it to my son, still going strong!. Yeah, I am kinda tech savvy. Lol.

like what @MUM said, the law currently states cannot be lower than 2.5% for conventional. they would need to change the EPF Act to put it lower.

For the time being, mgs are trading way higher than 2.5% pa, so all EPF needed to do is just buy and sell govies as and when needed for the acct 3 pool.

So it's gonna be around 2.5% then...

Not bad... Still higher than CASA 😋

Since EPF account 3 like CASA too... High interest CASA 😁

Not sure the law applies. Last time where got Acc 3? So it can be deemed not applicable and you will get like Savings Account rates.     

Not sure the law applies. Last time where got Acc 3? So it can be deemed not applicable and you will get like Savings Account rates.     

Not sure the law applies. Last time where got Acc 3? So it can be deemed not applicable and you will get like Savings Account rates.     

Last time does have 3 account yo..

Someone did mention it previously....  Years ago....

Then it's went to 2 account... Now back to original 3 account back 😁

Keep changing the policy 😔

Those accounts from the 90s have 3 accounts. not sure when it disappeared. those having account 2 with more than 30% of total are from the 3rd account.

The Employees Provident Fund (EPF) has received 2.86 million applications to transfer an initial amount from Account Sejahtera (or Account 2) to Account Flexible (also known as Account 3) as of May 22, involving RM8.78 billion.

Let's hope these RM8b can spur the local economy.
If people invest in other countries, it's why the MYR keeps dropping

Latest info,

Over RM8bil in EPF transfers from Account 2 to Account 3, says CEO

Monday, 27 May 20242:13 PM

https://www.thestar.com.my/news/nation/2024...ount-3-says-ceo

me also is in the 2.86 million applications worth RM8.78 billion

spur the local economy or not is different question

The Employees Provident Fund (EPF) has received 2.86 million applications to transfer an initial amount from Account Sejahtera (or Account 2) to Account Flexible (also known as Account 3) as of May 22, involving RM8.78 billion.

Let's hope these RM8b can spur the local economy.
If people invest in other countries, it's why the MYR keeps dropping