I assume 7 include 2 decimal

RM675,000 is only a 6 figure dividend. For this you must have RM10M in EPF.

 

BR?

EPF collapse? I bet Jibby and Rosie won't be able to see tomorrow's sunrise if that happens

is it advisable to switch my current FD saving (3.45%) to EPF instead? I mean im getting nearly double the interest rate -.-

Stakes rise for EPF to maintain returns



When global fund managers are hard pressed to give decent returns to their clients, declaring a return of 6.75% on an investment size of RM636.5bil in an environment where yields on bonds are low and the equities market is volatile is not easy.

The fund managed to navigate through the uncertainties to register a gross income of RM39.08bil for the financial year ended Dec 31, 2014. A major boost for the EPF is that its investments overseas paid off – contributing about 33% of its income.

For the EPF, while it would be good if the fund continues with its performance, contributors should also not expect the returns to keep increasing every year.

Investing overseas can help overcome some of the limitations that the fund faces if it were to focus more on the domestic market. But it comes with risks.

I prefer first class

saying that is more "Pleasing" to the contributors ears.....
Later they can says....85% of the public opinions "consulted" says that it is a GOOD moves to raise to 60 yrs.

isn't that is the current withdrawal policy?
now is better right...at 50 can withdraw part of it...

If only EPF still able to payout your money.

Right now the biggest worry is other sinking entities in goven might be looking towards EPF for borrowing. If borrow with payback then EPF dividen will continue to go up. But if borrow and finally go bust then EPF will get bad debt.

The law of averages works well under normal circumstances but it does not handle bad or severe circumstances.

It is everyone's guesses now if we are in critical situation now.

wow,..managed to stay afloat for 22 yrs in critical stage.
something there to support it.....
Bravo PM and BNM? 

The point is less to do with every Tun step down or what.

The point is about the magnitude of the money. The magnitude of the money involved is by far the biggest in Malaysian history.

Even if it's not as bad as causing EPF not able to payout when you wanted the withdrawal, it might bring down EPF to a state that you can't enjoy the same amount of dividend which one used to getting.

under 22 years of critical stage with the condition you mentioned above,...many "wealth" had been created too, PATI is still coming in more and more, house prices is forever up,... inflation had continued to be up.
good eh?    more "good" years to come? 

Not EPF's problem per se. It's because the people has no confidence with the goven's capability to manage the fund.

We have to see which is the cause which is the effect. Nobody wants to increase the age is the effect, not the cause.

The poll has a few options. If not mistaken one of the option is to make the age 55 or 60 optional, ie people can decide for themselves, which age to withdraw.

But all the options were rejected flat.

For me, that's the clear indication that lack of confidence is the main reason.

my read is after ge14, they will force it - "we have listened long enough but the time has come, it is good for you".
i read the same.

if... if there r no zmbds, no billions wasted in gomen depts year in year out, crooks put behind bars, strong rm... even with same returns, i'll be the first one to leave my money until 60!

i do not hv details but in contrast, i suspect most people in sg will want to keep in cpf after 55 - 3% p.a. is not much but with strong currency, no songlap as we know it here, i can understand...

ALL relative.

SG is most probably CLEAN-ER