Yes, I'm one of the PTPTN user, and I have just paid finish my loan this year took me around 5 years , almost every year will have discount. I won't say sure have la but for those years that have I just pay a bigger sum to get it.

Most importantly is you pay back the loans so our future generation can still have this benefit. Borrow people money pay back should be a norm..

Then you have conflciting policies in the EPF where you choose to reward the poor with incentives and penalise the 'rich' with penalties. Who is 'rich'?

I really hope inter-account transfer is allowed or to opt-out, coz I dont need or want the Acct 3 !

they don't force, but auto create and auto contribute into Account 3 for all your contributions...

not forced, but the effect is still the same... some will not notice or didn't bother and long behold, 10% of their contribution now earns subpar epf dividend. all thanks to those who wanted the opportunity to withdraw.... (kinda reminded me that the joke of how bad a democracy can be cos the majority is usually stupid).

in same time, EPF don't pay to pay so much div also cos 10% of contributions moving forward is into account 3.
to make it more "efficient", they should start the account 3 with 10% of funds in account 1 and 2.   

0 balance in account 3 means already withdraw out (not necessary move to 1 or 2), still want to reward them?
Not firmed yet, NST could be wrong and they are always wrong
NST again

EPF need to liquidate some of the investment....

Higher percentage in low yield liquid assets.... For easy access...

All just to fulfill account 3 withdrawal....

Most of them are in Lowyat forum. 

i wanna ask now account 1 and account 2 the ratio / spit by % is 70% vs 30%

so let us assume now i have 70k in account 1, 30k in account 2 then when account 3 introduce will it will be 75%, 15% and 10%

so they gonna rebalance our account and in my account 3 i can have 10k after the rebalancing?

so if my account 1 is 100k and account 2 is 0k because i take out for my housing loan, so when they rebalance it will i get 75k, 15k and 10k. I dont think it make sense... just dont know how their formula works

those with almost zero account 2 will not benefit from this that is how i see it

unless the dividend % applied the same to all accounts else every month have to do transfer, that's a bit troublesome

lively as usual!!
to me i feel that EPF will have more than enough money to pay any withdrawal from account 3 because:
1. every month the EPF members will contribute to EPF, can just take new money to pay out
2. if you visit epf, almost every day there will be people going to epf to submit forms for withdrawal so they are well prepare with enough money **my house nearby epf saja so i get to see lots of action there when i go to the nearby mamak or kopitim to makan
3. even those who want to withdraw, their saving in account 3 will not be a lot
4. those who are like EPF Millionhair wont even bother about account 3 and will keep saving more into EPF
5. the 100k self contribution will also help epf to get more money to pay out, if not enough revise it to 200k and i am sure some ppl will max it as well

i am super confident with epf liquidity
my concern is what will happen to our economy when we have this money from EPF goes into the open market, will have impact on inflation?
i am not sure how much it will be but i dont think it will even hit 1Billion
EPF have > 1000B if not wrong

These are the people which use money in the wrong sense.

@Kamarul: Renovation of home does not increase the value of the property actually in the eyes of the potential buyers.

@Jason: work harder, more jobs to cover the personal debt.

Since this account 3 is starting for new contribution, then its like a 1.1% cut to the mandatory employee and 1.2% cut to emplyers contribution. A total 2.3% cut.

The bright side is that it should improve retail spending in the economy from the second half. Positive for investments like consumer stocks and etail reits.

EPF = Employee Provident Fund

No "Employee" means no EPF lo... get it ?

Go read about US Social Security... that can happen to EPF

I didn't think about this.

If I can dump all my KDI/Versa/SSPN money to Akaun 3, that would be great and I enjoy dividend higher than these 3 platforms.

EPF should allow more flexibility for people want to do self contribution.

No such thing as contribute towards account 3...
Full stop

Only split of 75/15/10 for all types of contribution...
Your mandatory & self contribute EPF

hopefully not 1/3 of account 2... cos 0.3333 x 5.5% (this year's div rate) = 1.83% pa. This would be below 2.5 min guarantee...

this will involve a major EPF Act change, and need parliament approval.

all these fellas who wants to withdraw so much of their retirement fund... kacau the rest only.
EPF have to do more work

want to rebalance to acc 3 for flexi withdrawal? Put some into acc 1 first.

very cunning 

might as well just find ways to withdraw from acc 2

Account 1 - Persaraan
Account 2 - Sejahtera
Account 3 - Flexiable

For me i would want to include more options into Account Sejahtera for example:

1. Marriage - If anyone getting marreid both husband and wife can perform withdrawal of RM10k each for each legal marriage that is registered with JPN to help the newly married couple to maintain a Sejaterah Family, kahwin 2nd time also 10k, 3rd time also 10k, divorce then kahwin again lagi 10k, maximum 5 kali!!!

2. New Born Baby - RM2.5k withdrawal will be allow for both husband and wife to welcome their new bord baby. It will help them with the expenses of their new born baby. Withdrawal will be limited to 10 times per person. Husband can have many times, wife 1 give birth 5 babies then can withdraw 5 times, husband also 5 times. Wife 2 give birth 6, can withdraw 6 times but husband hit the quota of maximum 10 times saja...

ini proposal saya.. .undilah saya sebagain wakil rakyat!!! LOL!!!

anyway the proposal is not too bad la.. if gov really pick up the proposal and look into it, i think it will benefits a lot of ppl

I think they will need to at least give a token rate at least comparable to prevailing FD promo rate, otherwise soon enough everyone will realize it is best to cash out all the money and account 3 might as well be cancelled and always auto credit into member's bank account.

No options to opt out account 3... Only can leave it zero balance...

There's also options after May 2024 contribution... Account 3 $$$ be transferred to account 1 & 2... You need to get it done manually.... Probably via i-akaun or fill up form in EPF office...

This shared by NST news report earlier.... They also said token for those keep $$$ in account 3... Not same dividend rate as account 1 & 2 🙏

Does it means you will only able to deposit till the end of year of 74 years old or 75 years old?

The 100 years old one...even if I still got money in it also dont think I will remember by that time.