stupid ppl again...

des why i think mixed pencen type plan is coming... like cpf

majority always get penalized because of a few idiots...

He is clueless - waste time to read his article. Malaysiakini should not even publish such article

I wanted to confirm with everyone in lowyat forum... Because the letter article is misleading.... Don't know how many people believe what written there.... Spreading fake news & information around....

thanks for the article... this really do look like a typical kopitiam style discussion in malaysia...

we should not be surprised and expect more of these.... more and more opinions, fake news, misinformation, so called expert advice... will be coming...
maybe some hidden agenda to gauge public response?

cos somewhere i read,.... i think from NST... that so called some expert proposed a compromise of 60 years old as the first withdrawal age... can you believe it? as a compromise to World Bank's 70 age limit.
compromise... lol... so that 60 years old can be now a fair age.
(one fell swoop from 50 to 60... and rebranded it as a fair compromise)

Nobody like the CPF style but with RIA framework introduced at least now epf is telling us the following
1. They have introduce basic saving concept and is giving ppl 3 years to achieve this basic saving amount of 390k by 2028
2. Adequate saving is 650k
3. Enhanced saving is 1.3M that is why only anything after 1.3M baru boleh withdraw and you have till 2028 to achieve that. So plan accordingly.
4. Ria framework is not CPF life payout where Singaporean gets around 1.7k sgd per month till die even u live till 100 years old also u get payout of 1.7k sgd. Because of CPF payout CPF will hold your money like 200k++ and those remaining u still can get 1 lump sum payout upon retirement.

the big question is will our epf structure change to CPF? In the near future most likely yes as gov already say won't impact existing members. How will they change to this CPF life concept there are my take and my personal view point saja

1. Ria framework as baseline meaning for now the baseline is 390k
2. Anything above the baseline determine by the ria framework will be payout to you once reach retirement age
3. Then with 390k they will pay you for 20 years till you 75 years old where monthly you get 2.7k before 390k turns zero which is inline with what epf research where it says in 2024/2025 cost of living estimate for retiree is around rm2690

I don't believe it will impact us the old ppl even the younger generation that has epf won't be impacted but those who yet to have EPF acc sure will impact once the rules kicks in

Don't know why I find all this discussion was pre plan -
1. World bank published article
2. Local news pick it up and everyone of the news outlets misinterpreted the information - not one interpreted it correctly
3. Telling public that retirement age should be 70 and we Malaysia retire too early and can deplete our retirement saving and also the ageing population
4. World bank published a statement to clarify their article
5. Then now experts start to say 60 years old retirement is fair and 60 years old full withdrawal is fair

Anyway if can I would want to retire even now

what you listed is exactly what went though my mind over past 1 week.... it is almost like the whole situation were choreographed with the retirement age agenda.... as if to numb us to the fact that 50/55 is now too young... 70 is the right old... so if EPF or gov set 60, all is fair and we should be grateful.

problem is... the majority of people will still just consume the "news" and agree....

This sort of comment is why I know most here are T5. We live in a society and government represents all citizens.

Those who have more is not JUST because of ability and hard work. There are communal structures and public investments which contribute to your ability to generate and grow wealth. It is in EVERYONE's interest that we don't have dirt poor and starving people anywhere in Malaysia, ESPECIALLY for those who are well off, because there is more to lose from discontent and violence. This isn't even about ethics (you choose your own for that) - its just pragmatic that every person, whether capable or not, whether smart or not, whether wasteful or not, does not go hungry or go without. What do you think will happen when vast majority of the people living here are struggling to get by and they see you getting wealthier and wealthier, and a government who exists just to defend your interests/profits while ignoring them?

Capitalism unconstrained will lead to social collapse (and, ironically, possibly communism). It's in all our interests for those who don't have much to still have some private funds when they retire, and if the cost of that is a bit of inconvenience to those of us who have more than enough, I think its a worthwhile trade-off. I don't think there's anyone who has 1 million plus in who doesn't have other investments anyway so most are just complaining about not having FULL access to their liquidity.

I have issue with this, currently anything above be 1M i can withdraw anytime, suddenly this benchmark is increased by 30% without justification.

From all going on recently...
Looks like the withdrawal age could eventually be 60yo.... All like giving hints.... Any backlash can just blame World Bank 😑

The original proposal of 70yo really cannot work in Malaysia.... Because quite substantial people at 70yo already near their end lifeline.... Not many actually can be alive till 100yo... 90yo also quite less.....

so... your long story short is....

you want equality in outcome... regardless of the hardwork, ability, spending patterns, frugality, efforts, etc...

btw, EPF is not gov's pension.... it is a defined contribution fund/system.

edit: just to be clear... EPF is funded by the members from their salary... the members actualy had to work, barring very few...

This post has been edited by Wedchar2912: Nov 4 2025, 12:03 PM

Equality in outcome is always desirable, because inequality leads to violence. See... all of history.

Also because there is no equality in opportunity (primary predictor for economic success is still inherited wealth). Improving equality in outcome means equality in opportunity, and allows us to actually have people succeed due to their hardwork and ability rather than because they were privileged. We already do this through publicly funded education for example. But suddenly when it comes to EPF measures we complain when the government trying to adjust.

For me the complaint is that government should do their job and support/assist rather than 'help' people from their retirement savings. But it seems more of the complaints here is targetted at "why these people no money, they must be lazy/stupid".

I really don't think you understand the diff between
equality in outcome vs equality in opportunity.

statements like equality in outcome means equality in opportunity...

since this is EPF thread, and I do not want to go out topic, i'll disengage from this silly discussion.

This post has been edited by Wedchar2912: Nov 4 2025, 12:34 PM

Think i m in wrong forum. Such high end England makes me want go back to school.

the message i get from you is

complain complain complain ....you guys are the rich ones......
and benefitting so much
thinking of own selves only...

support support you are telling them ........for the sake of the poor
if not the poor will riot and kill you guys....

so in your own interest dont complain so much

betul kah?

Lol those opportunist really take their chances...

Simple question - where do you think opportunity comes from? Does the wealth of the family at all affect the opportunity someone has, for example?

If we want to be pragmatic then yes.

EPF has a social purpose, as long as those in charge remember that then I'm fine to pump even if I have to wait longer to access my funds (most of which is likely to be handed down to my kids anyway). If EPF listens to the complainants here then that's when I'd start being worried. Burning country means my ringgit becomes worthless.

if those complaining so much respect EPF as
retirement fund
then they will listen to you

i always trust epf even till the point if they say have to convert to model similar to CPF
anyway this is for our own good as a lot of old ppl dont really know how to manage their financial
someone who is a teacher also will get scam can you believe it?
some doctors, some engineers - all also possible to get scam
those reported on news we know, those cases not on news we dont knw

another classic scam is by family members sure wont go into news.. family members scamming retiree money like your dad just retire suddenly a lot of relative has a lot of crazy biz idea will pop up and come with big big and wear until bling bling and try to scam your dad money - see this is the other side (mother) where one of my uncle got some by his cousin investing into fish farming - ended up lost about 800k - wont go into detail how the scam work but i can tell you if is family members it is so much easier that it will work...

so i am all for lock up a portion of our EPF money and slowly give it to us