If you look at EDF data, over 80% of members couldn't afford to retire even at 70 y.o.

retirement was not about age, is about if you have enough money.

https://www.thecalculatorsite.com/compound?...=1&c=1&di=1&wi=


Following epf dividen average of 5.5,% even if u earn 1.5k salary for 40 years without change, will have 700k at age 60.

A simple calculation shows that those ppl are either they earn less than that or they cb go withdraw it end up having nothing when retire.

And I think is the latter.

If I say, all they need to do is work 40y at min wage at 60yo u will have 700k I bet ppl will work on it.

Suprise Suprise, all these faggot decided to spend instead of doing 1 thing they should do, ''don't do anything".

More like a Self inflicted tragedy

Ps: all epf member includes ppl who just join work force. Try look at data for ppl above 60yo

This post has been edited by littlegamer: May 21 2025, 12:57 PM

Uhh this is bs. Our life expectancy is only 75.2 years. Retirement age goes to 65 means on average only 10 years left. You expect people to work whole life for only 10 years of retirement and it's not even a proper retirement for most. Raising retirement age will make people lose interest in EPF.

Just hotel califoniakan epf, settled.

Young ones should manage old farts.

Fuck no, I want to retire at 55 but since the government mandated retirement age is 60 I'm forced to work 5 extra years to get the full retirement benefits.

Atok wanna be PeeYem for the 3rd time. Blow ?

But money never enough...
Tun M sudah kaya raya, still work...

This post has been edited by khusyairi: May 21 2025, 01:20 PM

what type of full retirement benefit other than senior citizen special discount and queue lane?

Unproductive staff should not be allowed in public sectors n glcs

The consequence of the mass withdrawals. Face it

Signs that our systems failed to produce the desired result

Kwsp can restructure withdraw ac mah... Like 55, 60, 65 ...in stages in macam mah..

Exactly, give 5 yrs more to earn some money. Most countries increase it to 65 to benefit their workers, v poorfarts do nothing to encourage that pulak...

Actudli if poor apa erti duduk rumah 0 income... itu enjoy retirement? Rich yes, go round d world etc ... but travel oso can do every year while working wat...

This post has been edited by TiramisuCoffee: May 21 2025, 02:14 PM

Exactly. If possible allow ppl work sampsi bila2... If rich nonit work wat... 2nd gen wealthy where go work a day in their life?

I think ktards ISU is if extend takut x withdraw from epf... I'm sure kwsp will do something about it if retirement age extend.

This.

No one stopping you from retiring today also.

that's so sad actually.. now raise to 65 then next time raise to 70 LOL

They worried they drop dead right after retiring and can't enjoy their money

However, the reality is majority of people don't even have enough after retiring and those who have some money from EPF tends to spend all within a few years

Those who voted want to retire at 60 and want to retire early, this requirement don't effect them at all. Nobody is stopping anyone from retiring at 60 or earlier. However, if you retire and your only source of income is EPF, it probably means you NEED to retire at 65

Very hard to employ people nowadays... most of young people mana ada yang still want to work from 8 to 5... wat to do... ma extend the old people lo...

This is exaxtly what my dad had done.

He works in manufacturing industry for his whole working life, took VSS when company offered it.

Retired at 57 years. Can no longer tolerate with the bullshit from the current workplace.

This post has been edited by xpole: May 21 2025, 02:45 PM

You meant the old one can still perform better than the young one or the old cannot be replaced even if the performance is below par compare o the young one?