So i take it you are supportive of restricting 100% withdrawal? Even if it means until your last breath that you will be left with tons of money and you dont get to use it?

I have no issue with the restriction of withdrawal but I am not sure how well is our funds being managed. Giving high dividends do not means the funds are well managed.

yeah i supposed so. Now it is like musical chair, whoever gets to withdraw first is the winner...it is highly reliant whether there is continuous incoming fund contributions or not.

how and what can be done?

Actually Malaysia is not doing well in teems of FDI, we only attracted USD2.5billion last year. In fact I am more pessimistic about Malaysia's future and our country's rating had been downgraded once.

The world is transitioning into renewable energy and Malaysia is still not reacting swiftly to it, partly due to interest in oil and gas. But Singapore, Indonesia, Vietnam attracted interests in developing technologies for EV. In fact multiple questions had been asked on Petronas on its renewable energy transition and some credit lines are granted based on that. Actually Petronas balance sheet only left with net cash of RM64bil 1H2020. Petronas paid RM54bil in FY2019. The golden goose is going to be left dry soon.

Who knows how much of the EPF monies had been utilised to support government initiatives?

Btw I don't see iSinar having a huge problem. If anything, it reduces the cash amount and may well generate higher returns per dollar as a result.

Sorry that doesnt make any sense as you can always take out any amount that exceed 1 million. Unless you have exactly around that amount than you can take 60k out of it.

Why wait for i-sinar? The best course of action is to take all amount on top of 1 million and apply i-sinar if still needed?

My assumption is that the majority of those with 7 digits are not withdrawing. That is why the gap is widening with i-Sinar. Just based on how those in my circle think.

EPF can consider do like SIngapore CPF, cap the contribution at gross income of S$6000. So if your paycheck is above 6k no more employee + employer contributions on top.

When the fund gets big, they also become less agile and cannot generate good returns. Same things happened to big hedge funds and berkshire hathaway.

EPF should try to serve the B40 + M40, the T20 should spend their income gained or take higher risks in their investments.

It is important to understand that CPF money are invested in SSGS and the proceeds go to GIC together with SG's government surplus. CPF is not involved directly in the investment. And some more, the government's money is joined with the people's to invest together.

EPF on the other hand has to manage the money and invest themselves and even used to fund government's budget deficits.

Poor Malaysians lol

Yeap, T20 doesn't need extra help. They should go spend and invest on their own.

Mind sharing the link to the session? I am not aware of any such session. 
2.5% p.a. is Ordinary Account's (popularly known as OA) return. Special Account (SA) and Medisave give 4% p.a. SA is the one mainly used for retirement savings. OA is mainly used to pay HDB flat.

There is a popular 1M65 movement in Singapore: https://blog.seedly.sg/1m65-1-million-by-65-cpf/ You can join their Discord channel to know more. Very active channel.

As for budget deficits, have a look at last year's budget 2021 government fiscal outlook: http://belanjawan2021.treasury.gov.my/index.php/en/tf-2021

Select Section 4: Debt management. Search "EPF" using your browser/PDF viewer's search function.

Look at 4.6 below. EPF accounts for 27% of outstanding government debt.



Using the same search function, type "Employees"





Have a look at this page too. https://www.intechopen.com/books/perspectiv...ebt-in-malaysia

Now, let's go to MOF Singapore and understand how they "fund" their budget.

First, have a look at Singapore's fiscal policy: https://www.mof.gov.sg/policies/fiscal

Next visit Q30 and Q31 in this page: https://www.mof.gov.sg/policies/reserves/is...ebt-obligations

your posts here in the EPF thread - CPF and this, seems to have a lot of assumptions. hedge funds i have no knowledge thus ok la, i defer to your expertise.

for the CPF one, honsiong & TOS has shared the reality
also - have U checked out SG's income tax % and their tiers?
please do google & check first before happily comparing SG with MY, else DKe happens (Dunning-Kruger effect)

for this - if U are an employer, to U, U pay employee's EPF or pay him/her cash salary - still staff expenses.
Thus, whether to pay directly to staff or staff's EPF - similar to employer. This is assuming taxes and whatnot isnt changed to allow such for T20's employer & employee.

So U think an employer wont pay out the 12% into salary instead to retain the T20 employee? T20 employees are paid that due to their experiences, skillsets and value to the employer.
So which why talking about FOC monthly? it is NOT FOC - it is a cost to employers, not a Harry Potter magic thinggy.

If EPF is able to still churn out ~5% dividend at times when the pandemic is causing havoc, it bumps up my confidence level on EPF. Being a mainly FD player, taking out from EPF wouldn't do much good for me within this next couple of years. And the one thing now that would make we withdraw is the implementation of the rumored tiering, and that is for the purpose of descending me down to a lower tier.

There are mainly 3 general category of players when it comes to i-sinar - those that need to use the money and those that has a better investment vehicle will choose to withdraw; I fall under the third category, those that prefer to let the money grows. However, this people of the third category will quickly change its mind with the tiering system. So EPF better be careful.

Alternatively can go for SSPN even though I'm doubtful on how they able to sustain a 4% dividend payout and distribute loyalty bonus or gift and occasionally do lucky draw or deposit campaigns.

If they're investing into MGS and MGII, none of those are yielding above 4%.

What happens if everyone move their FD funds to SSPN for the sake of getting higher interest? Can govt be able to fund the same 4% interest for 2021?