saying that is more "Pleasing" to the contributors ears.....
Later they can says....85% of the public opinions "consulted" says that it is a GOOD moves to raise to 60 yrs.

This post has been edited by yklooi: Apr 11 2015, 10:05 AM

Sorry, when reach 55, we shall have the right to withdraw part or full.

isn't that is the current withdrawal policy?
now is better right...at 50 can withdraw part of it...

all the time is 50 can withdraw 1/3.

BolehLand compare Land of Rising Sun having life span differently


..due to environment, food , culture, quality health care system, etc


1/2 body to grave, may not able take out the money fro EPF.

This post has been edited by felixmask: Apr 11 2015, 12:25 PM

in that case,...gomen may shift the goal post by 5 yrs....(all the same but moved by 5 yrs)

Stats are often used when you don't want to reveal the whole picture.

"Basic Savings" is related to Account 1. Is Account 2 convenient left out? Also in that sentence in the above linked article, it is in reference to 'active' contributors. So are we assuming that 'non-active' contributors have less? Maybe most non-active contributors stopped being 'active' because they had already build up a big nest egg.

What contributors have in EPF at age 55 years do not show their entire wealth... most already cleaned out and reduced their EPF savings at age 50, and also Account 2. And Account 1 can also be reduced by withdrawing for investments into mutual funds.

BTW like it or not, EFP is a mutual fund - albeit a compulsory one. The CEO should be more concern about running it. How much a contributor has in it is not within his area of concern and responsibility, leave this to the politicians.

If he is concern about not being able to give a reasonable yearly returns, because the fund has had grown hugemongous in size and some of the monies have to be put into long term investments with very low or almost zero returns in the short term, then there is an alternative...

(When a fund is that big, all its financial moves are being watched by all parties... "Ringgit drops most since January on EPF property plan". - See more at: http://www.themalaymailonline.com/money/ar...h.GDH8smEr.dpuf

The alternative: Consult the public whether to open up this category of 'compulsory retirement mutual fund' and provide a level playing field to other PRS funds.

maybe EPF needed the money to invest more overseas assets or buy-out some local firms

Najib is eyeing this pool of money to save 1MDB.

thus my previous post "buy-out some local firms"

but got some pipu say in whatsapp Jibby might use KWAP fund to help 1MDB

This post has been edited by nexona88: Apr 11 2015, 04:37 PM

A total of 20,867 have bal > RM1.00 mil with EPF @ 31/12/14
On average, tis individual have RM1.63 mil each with EPF

why why why I am not in this category?

maybe you had taken "some" out for investment and buy property?

Are you?

Nope, still a Long way to go

Actually nowadays Rm1mil is not much

yes ...is not much, but want to have it is not easy also.

you are one of the 20K people that having 1mil in EPF?

For me is a LOT