Maybe they saw the information about latest birth rates in Malaysia???

Outflows of professionals to developed countries.... Brain drain issues...

Then government burden on pensions??

Stagnant wages over the years...

All lead to proposal of higher age for withdrawal??? Aging Nation issues pops up......

I don't mind 60 years old full withdrawal as that is the official retirement age of Malaysia

65 is a little overkill

It's so that you will die before retirement fund finished.

Not all people can lives beyond 60.

i think gov of the worlds and the world bank do not think like us...
why? cos dead people can't complain... the living later will say it is a great idea...

they (govs and world bank) seems to care more about your retirement funds outliving you...

Agreed....

65 full withdrawal is kinda extreme already....

Report saying Malaysian average lifespan is around 72 or 73 for male...

So for this group... Only few years to enjoy the $$$??

Female is little better... Average is 80... So got little longer time period....

This is gonna apply only to new members. If they enforce it all current members especially those who are close to retirement, sure kecoh.
Applying this to new members ensure minimal fuss and resistance from the public.

Existing members have options to opt in or not with this new withdrawal timeline...

But personally I think everyone won't accept that

It is hard to implement a system when the majority chooses not to understand or unable to understand.

https://www.malaymail.com/news/what-you-thi...obox=1761870089



Pareto rule applies here. There is no point in applying what the world bank suggest to existing accounts. There is no time to build up. Perhaps on accounts of below 35, there will be no appreciable benefits.
Unless we move away from the low wage economy, the majority will still be in this predicament.

This post has been edited by BenChiew: Oct 31 2025, 09:13 AM

Can see them trying to lock the funds longer if not forever. Recently I talk to people from the finance line, they all generally agree that most if not all pension/retirement funds are Ponzi scheme by nature, thus when "uplline" more than "downline" (aka aging society), will start to lock or can withdraw via installment or maybe incentivize people putting in longer than expected. But these funds will not crashed like Ponzi scheme because it will mean the demise of the country/government and a reset is due.

Although my plan is never to withdraw all, but rather just the dividend for my expenses, I will prefer it as and option instead of enforce. Once enforced, many people will think the time is up.

this is mainly an issue for countries with social pension program kan?

Probably one of the reasons why now need foreign workers in Malaysia to contribute EPF???

Malaysian alone cannot sustain the $$$??? And burden??

If they really want more $$$... Then abolish the 100k caps...
I'm sure there's people willing to dump more because they have high trust on EPF....

may 2025 isaraan rm 500 from gov also not yet masuk ni
any1 the same

This year is very special one...

Only those did contribution for January & February gets their rm500 or partially (if less 2.5k contribution)

The people from the finance line u talked to r financial product pushers?

No. Just friends and relatives.

No lah... your relatives or friends probably didn’t explain properly what they meant by the “Ponzi scheme” nature (some also call it the “pyramid scheme” feature).
What they should really be saying is that most fund managers prefer having a net positive cash inflow from investors: cos money is fungible. And consistent inflow makes fund management much easier.

Naturally, a country like Malaysia, where our demographics are still decent (more of a beehive/mosque dome shape rather than a diamond shape), will provide that kind of steady inflow. Somehow, people associate this with pyramid scheme also???

Retirees know this monthly exercise all too well... haha.

For example. If I know every month I'll receive 100 million in contributions and only need to pay out 80 million, I just have to figure out what to do with the 20 million net inflow.
But if it’s the other way around, if need to pay out 120 million, then I’ll have to start thinking about what to liquidate, or whether the bond interest or Maybank dividends are coming in this month etc. Those cashflows can be lumpy at times.

opposition can use this to challenge the government

hahaha... good one! haha