Regrossed balance includes the amount used to pay the monthly HDB housing loan and various insurance schemes?



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Unker agree to the suggestion to increase retirement age to 70 years old for those who didn't have enough money in their EPF. Those who have less than RM 10K in EPF should extend retirement age to 85 years old because they didn't have enough to retire.

For those who have achieved certain minimum savings in EPF, they should cut their retirement age to allow withdrawal. This group have demonstrated that they're able to save for themselves and don't need nagging government to decide for them.

Unker called this suggestion,"Dynamic retirement age and withdrawal rules". You can't apply blanket retirement age to everyone. This could be seen as a deterrent for savings more into EPF in the future.

oo... i do love the 85 years old suggestion. but 10K is too low... can up it to 98K rm...

cos logically, if work for 40 years (from 20 to 60) also cannot have 98K rm in EPF, the chap really needs to continue to work till 85 already.
or at very least, cannot withdraw from EPF until 85.

It’s not bad per say, they need to take the money and invest it for 10 years (when prrson is 55) before releasing it back to singaporens when they are 65, for sustained period of return

rob Peter to pay Paul...... ? at least not pyramid scheme... lol

unker - pls become our next FM, i like u so much!!!
i wish this is possible... if you dont meet the minimum amount to retire you cannot withdraw and company cannot fire you

unker's policy like that wont stand even 1 day in office...
as if you can force people to work....

it is punishment of sorts for the lower class of the society
the poor..

This post has been edited by guy3288: Nov 6 2025, 06:34 PM

We need to protect the lower class of the society and the poor so they can age and retire in dignity. So, we got to protect their money away from themselves because they just can't help it.

Meanwhile, those who have achieved the amount stated in the new Retirement Adequacy Framework should be allowed to withdraw at 55. To encourage more savings, they should be allowed to withdraw earlier than 50 years old too. But usually they won't do that because the savers will continue to save more. They can't change their good saving habits

that is a noble policy unker...

but let me go check again is your Policy good or bad for the poor.

Do you know how many have less than RM10,000 by age 55?

if want to force those with savings less than RM98000 as Wedchar2912 suggested,
it would be worse, many more millions would appear on your chopping block




unker no matter how i read it still sounds the same

you are telling those poor Pakcik/Apek/Aneh at 60 yrs old, '' you cannot retire yet, you have not saved enough!''

at 65 worse ''......you have less than RM10,000 go work till 85 ?''

if not by going back to work at that ripe old age....
tell me how else can they increase their EPF money?

dont forget those are people who
usually do hard physical jobs
poor pay
likely shorter life spans also

is it fair that you tell they cannot retire at 60 ,65?

many might not live long enough to
even enjoy their retirement....

This post has been edited by guy3288: Nov 6 2025, 09:45 PM

1. we enforce it to like something more logical maybe 65 for those who have less than 390k so they have another 5 more years before the company they work for force them to retire
2. those who have more than 390k by 55 they can withdraw and they can still continue to work till 60 years old then company can no longer hire them
3. the good news for those less than 390k is that we force those company to continue hire ppl from 61 to 65 years old in order for them to gather more wealth indirectly passing the "cost" to the company
4. at 60 years old we allow them account 2 and 3 withdrawal only at 65 full withdrawal for those who did not meet 390k - again is to protect them, just moving everything by 5 years in order to protect them and also forcing company to continue hire them

85 is just too unrealistic - more of a stupid joke - i tarik balik!

This post has been edited by virtualgay: Nov 6 2025, 10:26 PM

When EPF started, I am certain someone would have calculated to arrive at a quantum where the employee contributes 11% and employer 12/13% as a minimum. The withdrawal is set at 55 in line with the prevailing retirement age. That was supposed to be sufficient when one attains that age.
When they shifted the retirement age to 60, they tweeked EPF to include akaun emas while maintaining the earlier amount as accessible at 55.
Somewhere along the way, they allowed it to be withdrawn for various purposes including buying a house, medical and education. Problem is no one realised the funds in there is called retirement money. It was never intended to fund any other purposes. Coupled with our low wage economy, the amount became grossly inadequate. Fast forward to present day, we suddenly wake up after decades and say a great majority of retiring age people have less than 10k. We will have 15% of our population above 60 years by 2030. There is no short cut for poverty. The only way I see out of this is to increase the retirement age to 65, to delay and cushion the imminent time bomb.

This is the report card of our generation. Failed in our own way and failed by the government for not seeing this. Individuals needs to take responsibility for going thru life and failing to sufficiently anchor ourselves during our final lap. We became a burden.

The whole ecosystem needs a revamp, so that the next generation don’t fail again like we did.

IMO the system has no problem, the problems lie in our places.

Why some people can have enough saving while some can't?

Those nasi lemak, burger, etc sellers at roadside never pay tax and never contribute to EPF even if there have epf accounts, they escape from compulsory saving system by the government.

A lot of bosses for small businesses don't pay epf, and their staff are ok with it. Some bosses pay 11% extra to these staff and "makan" the 13%, most of these workers don't mind such arrangement as long as they can get the "extra" money NOW, they never think about the 13% they have lost. Worst case, some even don't pay 11%+13% at all, and those workers are alright with it, because they must have the job to survive. Most of these workers are with low education and they won't even think about reporting these unethical bosses.

Some other cases like my friend's father, an irresponsible father, whole life doing part time jobs with 0 epf. Selfish+old thinking, son/daughter = ATM machine when he grows old.

And our government made the situation worst by allowing the mass withdrawals a few years ago.

Have a lot of such friends around me. I think a lot of u guys can't imagine 40yo+ still getting 1500-1800 salary, and a lot of them don't have stable jobs, they might even be jobless a few months all of a suddenly due to quarrel with bosses, shops close down, etc. These friends will need to work until they can't move.

I help these friends when i can. 2 of the Malay friends i already gave them more than 20-30k in these 3-4 years when i see they need help (This is the reason i hate government charge me extra as "rich person" tax, if i want to help i have my ways. I don't believe government would use my tax money wisely). Chinese and India friends i help too. But to be frank, so far i can't see how they can help themself to escape from being poor. They have been with no-fighting spirit for too long and they can only continue to work / live like this until they can't move.

I need help too not asking a lot just 100k next year to fill up my EPF - hahahaha 😂 😆 🤣 🤣

Multiple withdrawals during COVID-19 is part of the root cause

Don't think you need help, everyone in epf thread is rich people

in such scenario we should fall back to our age old Asian culture
grown up children besides responsibility for own family
must also support their own parents

but iam rather disappointed for the hintings of many in here
who somehow dont want to carry on such tradition.........by saying clearly themselves......i dont expect my children to support me financially

essentially telling society breakawy from this tradition.

Mostly true but if they didn’t, that is probably another 20-25k. Barely enough by anyone’s standards.

You are hitting all the nails...

The core reasons behind low EPF balances are quite straightforward:
A) Low wages throughout working life.
B) ad-hoc withdrawals before official retirement age.
B1) In some cases, refusal or active avoidance of EPF contributions — legally or otherwise.
C) widespread (and purposely reinforced by gov and media) assumption that EPF is the only form of retirement savings.
(I added B1 after you brought this up)

Even just earning 1.5K monthly, just 30 months of work would already accumulate 10K rm. Hence no excuse a 40yo++ chap don't have 10K rm in EPF.
So logically, if by age 60 still have less than 98K rm (and no other savings, ie condition C above), realistically these guys need to continue working beyond 60. 98K rm ain't going to cover their extra 25 years of living.

That said, I'm a believer of UBI. Perhaps 500 to 1K per month to all malaysians living in Malaysia above the age of 65? It would provide a fair safety net, funded sensibly by cutting blanket subsidies.

it depends on family upbringing and your relationship with your parents

some parents after give birth throw to their in law or their parents (grandpa and grandma) to take care
this is what is happening to the 70's babies - same trend is observed in the 80's babies even up to the 90 babies
for those 2000 babies the trend start to change where we could see parents would rather take up such responsibilities to take care instead of sending their child to in laws or their grandpa and grandma - they rather put kids to baby sitter
then come 2010 and 2020 - now we have child care / baby care meaning after 6 months old u can drop them to this center then u go work, come back go there pick up, then when they 2.5 to 3 years old send to nursery + full day care then off work go pick up
then 7 years old send school + day care + tuition then when you off work go pick up

if rich hire maid
if average is day care
if poor still fall back to parents for help

so if you want your kid to take care of you - you yourself have to do your part on how you grow them up and what type of moral value you instill into them

some dont give a 2 cents about their parents as there is no love in the family
some ]even married insist to have both inlaws stay together
some very rich one buy 3 houses same row both in law stay side by side different house
some just give money to their parents without visiting

no perfect outcome... manage and evolve with the situation when we grow old

Kwsp Q3 results supposed to come out this month ?

Yes.

I expecting middle of the month (around 11 to 18 Nov)