Can't fire them. Then it will become this group of people can do nothing in the company and get free salary every month, nothing company can do to them since can't fire them.

If this policy in effect, first thing company will do when hiring new staff = check the staff's EPF info to make sure they have min 390k before hiring them. Those already >40 and without 390k in epf, if they looking for new job, i guess the chance to be hired is even lower, company has 1 more reason not to hire them.

And also, need to know not all companies have strong financial backup, forcing companies to continue hire these extra staff = indirectly ask them to close the companies.

I can think of one simple yet interesting employer that can take up this task of hiring 65 and above elderly people.

The gov... Interesting rite? Hire many of the just to be security guards of buildings or cleaners or guides or advisors for those who were professionals previously but still screw up their retirement plans.

But due to the suggested plan is can't fire them, so basically once they are hired, these people can just snaking whole day and wait for salary

That's why I suggested gov.
It is already damn hard to fire a gov civil employee. Lol.

Ie gov is well suited to handle these under-performes.

Hah.

And lots of MCs and hospitalisation leave.

If their employer is the gov, they are welcome to go to Kkm or gh and get scolded by gov docs. Haha.

Why Singapore’s CPF System Is Considered The Best Pension System In Asia

https://dollarsandsense.sg/why-singapores-c...system-in-asia/

That's why Unker agree for NEW EPF account to follow CPF system.

Meanwhile, the old account follows the old promises made to retiree

Deleted

This post has been edited by virtualgay: Nov 8 2025, 10:00 AM

Contribution rate should also be changed following cpf model employer 17% employee 20% . One shot changed all the grouses about low epf balances. No other policies can do it.


This post has been edited by magika: Nov 8 2025, 11:32 AM

Civil servants are also the same in Australia

Now you’re talking serious stuff…

Your idea, plus just two more key measures, would basically solve the low EPF balance problem for everyone who works.

a) Employee 20%, Employer 17%
b) No withdrawals from EPF until age 65 — no exceptions for home purchase, medical, studies, or Account 3, etc.
c) Mandatory participation for all workers and employers — civil servants, self-employed, gig workers, everyone.

With these three together, the retirement adequacy issue would almost disappear overnight (awaiting for the current poor elderly to be shuffled off stage...)

People in here all clamouring for cpf like retirement fund is abit short sighted.....

I believe most in here are rich and have benefited from the inherent laxity of our EPF. CPF is much stricter with in built mechanism preventing 'abuses' or upper hand benefits to to higher income group and the rich...

The way I see it....CPF takes care more of the lower categories workers while EPF is a better cash cow to milk for the rich higher categories workers ...we have seen this abuses as the central issues of complaints in here

Unker 100% agreed on your thorough assessment.

That's why Unker setuju 100% to implement new balance policy for NEW EPF account.

Meanwhile, old promises made by the government must be fulfilled to old contributors. Trust build confidence. That's how you strengthen EPF

This post has been edited by boyboycute: Nov 8 2025, 12:16 PM

So the new policies only apply to the younger or newer members.... fully support...

but old contributors like those above 50 no change....

That’s fine and all.... until we look at the ones already in their 60s but sitting on just RM10K in EPF? What exactly are we planning to do with them? They still can’t retire on that as everyone (media and policymakers alike) keeps repeating the same old line that "EPF is their only savings".

or we can just wait for them to be shuffled off the deck???? problem solved.

Yeah dividend also must same as cpf 2024 2.5%

why ar need condition?

So many say cpf good so must follow everything. Think where the subsidy came from ?

I am pretty sure majority, if not 99.9%, of the singaporeans disagree that part of CPF paying just 2.5% or the 4.0% (depending on accounts).

Furthermore, this involve revamping the full EPF that we know, constitutionally too.

btw, not sure if you are aware, CPF is not allowed to invest in anything... it just passes money to the SG gov...
you sure you want that for our EPF???

What subsidy?