If it is such a good idea, why only born after 2010? They are only 13 years old now. Why not 2005, who are 18 now and entering work force?

Yes. Angmohs are just as bad. WE can see that happening in Aus where even an increase of $100 of bank repayment causes havoc.
They spend lots on drinks and partying. Max out their CCs et al.

Will Akaun 55/Emas allow continuous voluntary contribution ?

i would want to spend every penny that i earn but when we are old we cannot spend
and with Gov now allowing withdrawal or making withdrawal so damn difficult with so many condition then i guess i will work till i die

Darn  detailed.. 👍

I done the same over last 10 years of record, it get to a point like you, I developed a sense of overall consumption, it gives clarity on the expenses landscape.

Now I factor in additional inflation based on what I observed n consumed but err on higher side so that it cover whatever shortfall as much as I can anticipate...

Trying to built up the nest as much as I can while able  to before they kick you out of employment at 60.

highly unlikely.... reason is if they wish to target div from retirement funds, then may as well target FD and CASA interest first. Long ago, interest from FDs 100K and above are subject to tax. That would be a better place to start vs EPF or ASM/etc.

just my opinion...

How often does EPF i-Akaun logon password need to be reset ?

every 2-3 months my logon to i-Akaun (KWSP website and app) is required to reset.
Once reset the forgot password method, with a new password, then all is fine until the next reset.

Every time have to generate a new password.

Probably his account details got leaked???

U mean wife or even children of the deceased pensioner?

And correct me if I'm wrong, they receive the full amount (not reduced)

over 1 million just dump into EPF better la

Just remember about the blockage ya...

Not easy to withdraw unless u already gotten 1mil balance above or over 60yo so u can make them like your high interest saving accounts 🤪

better dont waste your 100k quota
next year budget who knows PMX will say reduce to 50k

Yeah.
They need rakyat to carry out CSR through EPF.
I think the returns from EPF will drop as they increase their Msian bond buying for CSR in the future.
Otherwise there's no way of funding the ever increasing government spending and DEBT.

Tier dividend is fair. Rich people should know that invest in S'pore property and stocks better so should not depend on EPF. with rich peeps removing their funds then pooor people get more dividend. Simple logic only.