Use your logic, what will cause them to declare less dividend?

The Account 3 cannot be gamed. We can’t just pump in money for short term, and then withdraw. Cause, the apportionment is fixed at 75:15:10.

Given that, I find it hard to understand why people expect lower dividend for Account 3.

If anything, if EPF loses 5% of annual dividend declared each year (half of the 10% from Account 3), it would be a lower base and hence higher dividend the following year for those who did not withdraw. This is as long as the withdrawals do not cause liquidity issues, which I don’t think they will given EPF’s asset allocation to cash/money market which is sufficient to absorb this.

Also don't forget, Account 1 allocation has increased from 70% to 75%. This money remains locked till retirement.

How to opt out for account 3 from May 2024 distribution onwards all together?

Is there an opt out option?

here the sos, smh boomer / gen z / alpha

kekw

Different functionality

Because account 1 money cannot be withdraw unless very specific circumstances (death, retirement, etc)

Account 2 was made so we could withdraw the money for certain purpose. Since account 2 was for the purpose of withdrawing money, let people withdraw from account 2 lor.

Why need account 3?