https://www.pionline.com/retirement-plans/m...espread-poverty

Good article calling out the mixed messages

Against this need to safeguard members’ future and rebuild their retirement funds, future exceptional withdrawals will need to be very carefully considered.

But in a potential case of mixed messaging, a separate EPF news release Oct. 29 regarding the Malaysian government's budget for 2022 welcomed the decision to keep employees' mandatory EPF contributions at 9% of monthly salaries — down from a statutory rate of 11% — for six more months through June 2022.

If u recall the previous CEO who was not accommodative enough for withdrawals resigned.

I guess u forgot to consider the political dimension.

Yes you did. That's your stand not theirs. And it does not based on reality on the ground.

Of course I'm not. I'm just stating the fact that some people choose to ignore.

The dividend guessing game for EPF 2021 dividend had started.

Better dividend anticipated from EPF -  The Malaysian Reserve  (November 10th, 2021)

He said in 2020, EPF generated RM60.98 billion in gross income and allocated RM47.64 billion for the dividend, with an average of RM9.22 billion for every 1% dividend. It is estimated that 2021 will require around RM10 billion for every 1% dividend.

However, economic analyst Assoc Prof Dr Baharom Abdul Hamid does not think EPF would pay a higher dividend — the best case scenario would be on par with the previous year

board of directors

slightly more than banks fd to keep you happy...

forced savings ponzi so you have some money when you retire... they didn't say for you to get rich... compounded slightly better than bank rates ok lah... hahaha

FUND... doesn't mean it's gonna do well... I bought a lot of public mutual funds that ended up worse than epf... lol

we are forced to join this gov ponzi... I don't like it but nothing much I can do about it... sometimes they buy shit but overall they perform OK lah considering it's size and limitations... when you are small, you can buy gems that give good returns... when you too big and bought up almost everything... it gets hard to show similar results... like Berkshire sitting on so much cash because they can't buy anything cheap n good...

EPF got different mandates compared to say AARK... as a guaranteed retirement savings fund... obviously the best comparison is FD lor

some of our mutual funds worse than FD ah...

USA keeps printing money supports the rich corporations mah... while we print money songlap directly by politicians... how to compare? lol

anyways...

there are mutual funds called.... regular savings funds... you must be new never heard of this....

try to be smart with me ah... hahaha

EPF is a joke, they should be giving 7.5%-8% bare minimum. I think the EPF worker/vendor is either not working or they have no idea of value investing.

fair enough... and you probably hear mostly about the handful that is performing well...and thus set your expectations what EPF should be doing

I can tell you for sure a lot of funds sucks and losing money... these you don't hear as nobody wanna talk about them...

majority is in equity because it's easy to sell the dream as ppl wanna get rich quick... in reality, the agent and company get most of your money, actual returns are worse than FD

So... Berkshire sitting on piles of cash obviously could have given out a lot more as dividend... so you ok with that but not ok with EPF ?

Ya I am also surprised by that. Maybe inheritance from parents.

definitely 2021 dividend (to be declared sometime feb 2022) will be higher than 5%. I am hoping closer to 6%.

Indeed, why is EPF funding what the government should be handling. The fin min seems to think that EPF is his piggy bank.

https://www.theedgemarkets.com/article/fore...fsie-withdrawal

Don't worry, EPF foreign-sourced income still exempted from tax after FSIE implementation.