UK pension funds take a leverage position on 30yr old Bonds in order to get higher yields..

As pension funds they should not be leveraging... pension funds should be stable and least risky investment but Nooooooo... they want more mullahs on their monies...

haha...

I downloaded to verify that my excel remains accurate. Off by 2 cents, which again is due to rounding error.

btw, for everyone's comfort, EPF pays div interest for funds withdrawn from EPF up till the date of withdrawal....

so, those who wanted to withdraw money for monthly expenditures, it is in one's interest (pun intended!) to withdraw what one needs on weekly basis vs monthly.

looking at what the CEO "hinting"...

don't think anytime soon...

unless ours country become "aging country".... and life expectancy increased higher like to 80yo or 90yo   

yes.
better pay & working conditions...

here EPF

there I think called Superannuation something....

same thing.. different name

Just put under RM20k cannot withdraw. Since those people probably have less than 10k inside. Kaw Tim, settle. Lol.

Even with 6 months emergency fund do you think it will last 6 months during pandemic?

Most money goes to the banks by repaying debts 🤦‍♀️ if went to goods the domestic economy reading should buy it wasn’t because CPI was down during then hence it is not in the reading if you say if it was purchase goods 🤦‍♀️ as the index was below 80 only until 4quarter of 2022

Have you ever thought how many bankrupts instead 🤦‍♀️

Allowing them as its own blood sweats and tears to repay off debt is fine because otherwise instead the banks will collapse due to defaults 🤦‍♀️ which leads to economic malaise as you can see the minor scare recently in America with just regional bank runs

For EPF to get consistent return is easy because it is 50% is in fixed income while EPF return is not consistent as you think as it is going downhill due to RM depreciation and investing in tongkat companies 🤦‍♀️ due to political influence

History has proven before 🤦‍♀️🤦‍♀️🤦‍♀️🤦‍♀️🤦‍♀️ If you remember MBF Finance and Sime Bank which has to be bailed out by EPF with shotgun merger 🤦‍♀️
If you think the banks in Malaysia won’t bankrupt think again as history has proven before with MBF Finance and Sime Bank 🤦‍♀️

Do you think EPF always given higher rates than 2.5% is realised money? It is only accounting written as the numbers are just numbers 🤦‍♀️ Only real if you are able to do withdrawal as EPF is floating the govt with half AUM through MGS

EPF is only social protection and govt guaranteed and it can go bust if the govt is not able to function fiscally and go default at anytime which is ultra low unless civil wars breaks out

This policy I really dislike

After 55yo below 60yo... Whatever $$$ contribute cannot take out....

Must cancel this blockage asap 😔

Just like u said...
This like "forced" attempt... Worried people would withdraw all at 55yo.... Well... Why need to be big brother.... Give option to people to decide... If they don't know how to manage... It's their own fault... Why others need to suffer too....

Maybe those reach 55yo have other plan to do with the $$_... Probably can get higher return compared with EPF... Many possibilities....

And finally....
Yes. It's can be high interest account too.... Higher rate than banks offering.... But not everyone needs to stuck with EPF...

Just my opinion
Give option to the contributors... That's only complain I have...

Nah, any big ticket item i would have bought before 55.

Also i would plan around anything minor like this

Thank you everybody for the input. I do read them and ponders on them. So thank you very much. Good inputs and angle to consider.
I believe i list the break down before here.

Food = rm10950 per year @ rm30 per day (two meals as i eat rm6 per brunch and i take breakfast and lunch together and night time i have another meal and consider rm20 max but i estimating higher)
Teansport  = rm30 per week (sometimes rm20 but nowadays i use more). I pump petrol every Sunday so i know this number is very accurate so far so per year rm1560.
Internet = rm94.50/mth = rm4914
Mobile phone = rm30/mth (actually rm20 but i might change) = 360
Cukai pintu = rm900 (8xx) / year
Electricity = rm 150/mth (never hit this figure but i gonna put 200 coz of i spend more time at home electricity will increase so if 200/mth it's gonna be 2,400/yr)
Water bill = rm2.15 (subsidy) or without subsidy rm5.50/ mth. Let's say rm10 per month when i retire la. So rm120/yr
Water filter cartridge replacement 500/yr
Car service rm125 per trip and two times per year = rm250
Car battery or car repair i put 1k/yr
Miscellaneous i put 1k per year
No insurance no debt nothing else. No kid and wife ownself take care. No ailing parents and nothing from others.
Angpao money 1k /yr
No toll in my place. No tax.

Just above it comes to 2,0378.83 per year and i already estimate on the upper end. If i use accrual figure it will be 2.5k per month coz grocery actually wife pay so my food side can reduce a lot more especially for dinner part. That's my breakdown.
Look above. No toll.
Retirement years is one very funny thing coz nobody knows. Lol. I don't think i will live past 60 but then again i might get surprises. 😂