unfortunately, nothing much we rational people can do, except take steps to diversify our egg nest... as much as I like EPF, truly annoying to see the mess that is these few days.
There may still be some hope that the removal of pension scheme for new civil servants (and introduction of epf to these cohort) will provide the stabilization of funds for the EPF pool.

Also, judging at how busy the system been, pretty much the withdrawals from Acct 3 is expected to be in full swing. Fat hopes now on the funds in Acct 3 can get the same dividend rate as Acct 1 & 2.... no stickiness at all on the funds in Acct 3.

like what @MUM said, the law currently states cannot be lower than 2.5% for conventional. they would need to change the EPF Act to put it lower.

For the time being, mgs are trading way higher than 2.5% pa, so all EPF needed to do is just buy and sell govies as and when needed for the acct 3 pool.

So it's gonna be around 2.5% then...

Not bad... Still higher than CASA 😋

Since EPF account 3 like CASA too... High interest CASA 😁

The Employees Provident Fund (EPF) has received 2.86 million applications to transfer an initial amount from Account Sejahtera (or Account 2) to Account Flexible (also known as Account 3) as of May 22, involving RM8.78 billion.

Let's hope these RM8b can spur the local economy.
If people invest in other countries, it's why the MYR keeps dropping

Latest info,

Over RM8bil in EPF transfers from Account 2 to Account 3, says CEO

Monday, 27 May 20242:13 PM

https://www.thestar.com.my/news/nation/2024...ount-3-says-ceo

Whatever that can be withdraw from KWSP...
These desperate people will do...

No wonder the Q & crowds in the EPF office so huge....
This week also got some. But not as bad as last week...

The Cloud Waiting time for website access also reduced... Now less 5 mins 👍

The transfer from Acc2 to Acc3 opt in deadline is until end of the month?

Till August

BUT everyone goes rushing full force at EPF office like it's till May end only 😋

You mean those who withdraw account 3 is brainless people??

Sorry to bust your bubble

There's some who withdraw account 3 $$$ to be invested into high yielding assets which outperform EPF...

Don't want to go into detail... Been discussed many times over the weeks or months 👌

Just beware of what you are going to invest with money from epf.
I remembered reading grumbling postings about opportunity cost losses or investment losses suffered with epf monies used for diy investing and some also supported just put into epf.

These threads are just the one of the recent one I remembered readings.
Take out EPF to invest in Public Mutual, EPF Members Investment Scheme- Thoughts?
https://forum.lowyat.net/topic/5424859/+80

Money in EPF vs Unit Trusts
https://forum.lowyat.net/topic/4961947

EPF Investment
https://forum.lowyat.net/topic/5384285

Maybe....

But 8bil is quite big sum 💪

just realised i don’t see any contribution amount by month for 2024 on my app. is the app having issue or what?

ya i suspect so also. ok wait it bounced back then do next month. lol

Transfer out dump into Intel share ah? got AI sentiment wo... ekekee

After I read these, .....
I think they may be considering something like Spore CPF annuity pay out scheme.

"Time to embrace serious pension, retirement reforms, says Anwar"
https://www.thestar.com.my/news/nation/2024...orms-says-anwar

anyone having problems login to app? Website can but app says “service interruptions. Please try again”

New apps is not working. It the old apps is working fine

android or iphone? i read kwsp facebook page also lots of users cant login

expect Quarter 2 ending June 2024 would be lower than last year 

Despite accounting for only 38% of EPF’s overall investment assets of RM1.19 trillion, the overseas investments delivered 51% of the provident fund’s total distribution income in 1Q24.

The balance 49% of the distribution income was contributed by EPF’s domestic investments that represented 62% of the total assets.

https://www.thestar.com.my/business/busines...ft-epf-earnings
well done EPF foreign investments...
but don't know how long.... because in the end.... domestic investment needs to be 70% as "ordered"....

Hi all, I have this question about self contribution.
I have withdraw before from acc2 so my balance is not 70% acc1 and 30% acc2 anymore. Example below.
Acc1: 200k
Acc2 : 30k
Acc3: 0 (for simplicity sake we treat it as 0)

So if I do self contribution of 10k, how will it flow into the accounts above? Will it fill up the acc2 first since i withdraw before?
Thanks

I didn't get any letter yet...

Probably I'm too "poor" in their eye.... Meaning not gonna fill up 100k yearly

https://www.freemalaysiatoday.com/category/...yndicate-in-kk/

MBSB debacle. EPF shareholders dividend gone to repay the RM24mil.
Is MBSB board accountable?