Call me a cynic, I have my concern on EPF's proposal to extend the withdrawal age to 60.

Need to know how many % of EPF contributors will be turning 55 in the next :
a. 5 years
b. 10 years
c. 15 years

Please share if you know or have seen the data some where. Thanks.

A similar problem here as in the US with their baby boomers reaching their retirement age in the next 5-10 years?

My 2 cents food for thought.

I wonder who will keep their EPF until 100yo

EPF pulls off best valuation possible for London property



http://www.thestar.com.my/Business/Busines...erty/?style=biz

u know rite EPF planning to give divvy until 100yo if there pipu keep money in their account

Look it up in the EPF Annual Report.. can be found in their website.

Malaysia is different from US in terms of baby boomers. Our "baby boom" started in the 80s..

Today is the day EPF is taking in feedback for the "60 years old withdrawal" thinggy
https://secure.kwsp.gov.my/pubconsurvey/index.jsp

I think U need to go through the data presentation then only can log-in to feedback.
The most impactful to me was Q6 - point blank 60 years old or not & Q7 - tricky Q

Just sharing
Goat knows whether ini sandiwara or not - ie they've already decided and this is just a show?

This post has been edited by wongmunkeong: Apr 21 2015, 07:43 AM

looks like EPF fate had been sealed.....now is just when will they be implemented and not so much of will it be implemented.

Four choices for EPF member

URL: http://www.thestar.com.my/News/Nation/2015...r-views-online/

they hv been preparing... no escape.

This post has been edited by AVFAN: Apr 21 2015, 08:53 AM

Need to answer 13 question plus give comments

Advisable to choose Option 2 for 1st initiative

In any other corporations, when the CEO chooses to antagonize its customers, the Chairman and board of directors would be pressured by its stakeholders to remove the CEO.

Thanks. Looked up the annual report. Yes, no sudden jump in those turning 55 in the next 15 yrs. So, nothing like the baby boomers problem in the US.

Cheerio.

EPF no need to talk and show off too much. Just give dividends at least 9% every year, then its members will die die keep their money inside EPF even if the full withdrawal age is lowered.

Kaji selidik KWSP (21 April - 5 Mei).

Fill it now - https://secure.kwsp.gov.my/pubconsurvey/index.jsp

cannot above ASB wor.. needed to below 7.5.. according to some friends

Malaysian Employers Federation (MEF) Wants All EPF Withdrawals At 60

http://www.freemalaysiatoday.com/category/...hdrawals-at-60/

This post has been edited by nexona88: Apr 21 2015, 12:51 PM

There was an issue regarding members above age 75 earning no interest. If not mistaken, there was an official policy or clause on this matter but EPF chooses to keep paying dividends. (Labour unions' reps on the board of director claimed no knowledge of this policy, and then all is fine and things quiet down when it was reveal that EPF did not stop paying dividends to members above age 75.)

Some questions remained unanswered:
1. How many of these above age 75 accounts are 'dead' accounts?
2. How long does a 'dead' account remained open before transferring to treasury/Bank Negara?
3. If it is true that EPF is still paying dividends to members above age 75, why does it ignores the policy? Do it has the authority to disregard any policy?

4. Wouldn't it be better to distribute these dividends to other members instead of giving to 'dead' accounts which will eventually transferred to Bank Negara?


And now the proposal to extend paying dividends to members till age 100! Can we know who in EPF made this proposal?

Why people distrust EPF proposal, even if it sounds good
http://www.theedgemarkets.com/my/article/w...od?type=Markets