The point is less to do with every Tun step down or what.

The point is about the magnitude of the money. The magnitude of the money involved is by far the biggest in Malaysian history.

Even if it's not as bad as causing EPF not able to payout when you wanted the withdrawal, it might bring down EPF to a state that you can't enjoy the same amount of dividend which one used to getting.

This post has been edited by puchongite: Apr 27 2015, 09:56 AM

under 22 years of critical stage with the condition you mentioned above,...many "wealth" had been created too, PATI is still coming in more and more, house prices is forever up,... inflation had continued to be up.
good eh? more "good" years to come?

We can blow the balloon bigger and bigger. Sure !

If a country's leader has nothing to do, it is completely wrong.
During the crisis, Tun are trying to borrow money to bail out, enter pocket money while the late LKY still able to advance to a first world country.

You are right, the rich gets richer, the poor goes bankrupt

I did not say it has nothing to do with our country's leader. I am saying that if we have bad leaders, every bad leader will blow the balloon bigger. And this time it seems bigger than ever.

This post has been edited by puchongite: Apr 27 2015, 03:21 PM

Preliminary results show strong support for full EPF withdrawal at 55

Not EPF's problem per se. It's because the people has no confidence with the goven's capability to manage the fund.

Even if the government knows how to use the money, nobody will agree to increase the age also

DELETED...double posting

This post has been edited by T231H: May 6 2015, 03:50 PM

Deleted

This post has been edited by T231H: May 6 2015, 03:54 PM

We have to see which is the cause which is the effect. Nobody wants to increase the age is the effect, not the cause.

Most people need the money to pay the debts.

as if the result would change EPF management "mind set" to make 60yo as full withdrawal..

juz as plan

The poll has a few options. If not mistaken one of the option is to make the age 55 or 60 optional, ie people can decide for themselves, which age to withdraw.

But all the options were rejected flat.

For me, that's the clear indication that lack of confidence is the main reason.

Yup, that's the main, the other are like I said, need to pay off debts.

my read is after ge14, they will force it - "we have listened long enough but the time has come, it is good for you".

i read the same.

if... if there r no zmbds, no billions wasted in gomen depts year in year out, crooks put behind bars, strong rm... even with same returns, i'll be the first one to leave my money until 60!

i do not hv details but in contrast, i suspect most people in sg will want to keep in cpf after 55 - 3% p.a. is not much but with strong currency, no songlap as we know it here, i can understand...

only if "they" can win again next time

Every politician in this world wants power and money.
Is Singapore really clean? I doubt so.

So many terms and conditions to withdraw our own saving at EPF

ALL relative.

SG is most probably CLEAN-ER