I don't talk much about ASB. It's a system other races have no access to.

But yes. Reports should report both ASB and epf. Not just showing stats on epf. So misleading.

Actually Govt should make the EMPLOYER contribution to up to 15% would be better for all wage earners.

Assuming 240K rm at start of 56 years old, EPF div rate stable at 5% pa, achieve 0 balance by age 76 (ie 20 years drawdown),
can spend 1.6K pm.

worth it?

I think they gonna cap withdrawl at RM1k monthly from 56 since only 18% of members have enough money. And then later extend retirement age to say 65.
https://www.nst.com.my/business/2023/07/927...post-retirement

This is a policy change... hence it is more the gov's move. Pointing at EPF is just a coward way out by PH gov.

Haha... while I understand you are sore and trying to be cheeky for some reason, you must also be really naive to think that the majority of us trust 100% of the current and future politicians of Malaysia's gov? Today say A but tomorrow is a different gov made of different politicians but of same rubbish DNA.

So, if you think your funds in EPF is not yours, then take it all out then if you can. If you cannot, then think of a constructive way to alleviate the situation. If you admit there is nothing you can do, then I guess all you can do is complain....

If one has been planning properly one's retirement and didn't screw it up fully (or gotten so much bad luck that it just didn't work out), 240K being withheld by EPF is just a joke vs one's retirement eggnest. 240K just pretend you put into a FD issued by EPF which will pay better than FD rate by CIMB.
And any worry that EPF will raise the amount withheld sky high, say 1 million, is also silly to ponder.

The only catastrophic step EPF can take is everyone's amount regardless of notional is frozen and everyone can only take out 1K pm... Now this is the only scenario worth worrying. (ponder under what kind of economic situation will this happen).

Rather than worry about my smartness, you are better off thinking of ways to take your funds out of EPF if you have any and is really worried....
Don't just talk and no action... 

If really concern, be like me... took almost 150K rm out 3 months back to readjust my position...

why the personal attacks?

read back ur first response to me. I responded appropriately.

You don't need to worry much about this...

really doubt EPF will implement the worst version I can think off (hopefully not due to lack of imagination). Which is the one that regardless of amount, everything is converted into annuity where only 1K rm is allowed to be withdrawn.... defies logic... imagine having say 2 million in Epf but can only withdraw 1K per month   

Plus, who are the top 248 members and those with above 5 million in EPF? these are ex or current CEOs and C suites people with connections... sure these guys will make noise too.

Dude the majority doesnt know how to manage the money . you dont see yourself but the morons , cleaner or the technicians who spends all his money modifying his dumbass motorbike instead of sending his kids to kumon .

Personally i agree with the government's position.  You see, majority in malaysia is dumb enough to plan their retirement . The moment , they get their hands on EPF money - they instantaneously spend it.

Example , if you have 2 mil in your epf - the right thing to do is to just withdraw the dividend and survive based on the dividend alone . With 2 mil in account, you can afford to live a decent live ~ RM 120,000 on average .

I knew an idiot ( My father ) who took out close to 1.8 mil and finished using them in 5 yrs and now became a professional beggar .
120k - give out to sister cos she is poor
loan to friend
renovated a properly functioning kitchen

At this moment i told him, if you want money from me , please itemize all your expenses before we can discuss about me supporting you financially .

Bro, just let it go. (If you wish to do self reflection, just go back to read the first response you had to my post. It was not me who initiated any post to you).

You clearly have some issues you need to solve. Now suddenly it is singaporeans are superior. haha.
Go and solve whatever issues you have...

will continue dump all fresh funds into epf...

40 yrs liao...variation of same story gov/epf gonna take all your money... lol...

anyways ...

sorry about that, but yes, no one should interfere with how EPF invest.

local market is pretty dead. even i dont touch KLSE anymore.