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 Raise Retirement Age to 65

Yay or Nay?
 
Yes! 65 is BEST! [ 59 ] ** [31.72%]
Yes! 63 can liao [ 9 ] ** [4.84%]
Yes! 61 [ 1 ] ** [0.54%]
No! If can retire early! [ 59 ] ** [31.72%]
No! 60 just nice [ 53 ] ** [28.49%]
Dont know [ 5 ] ** [2.69%]
Total Votes: 186
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SUSpetpenyubobo
post May 21 2025, 07:55 PM

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Government extend retirement age is to delay the needed pension payouts! The budget expenditure will have tremendous savings.

For private sector it's actually the other way around. Many already now openly restricting hiring candidates no more than 40yo in their ads.

Meaning many in private sector are already forced into much earlier retirement and made delinquents in society. No wonder homeless is increasing on our streets in cities such as KL.

It's crazy what the WEF globalist is ensuring all governments and countries around the world are trying to purge the 8B population now which they intend to lower to what our boomer parents enjoyed around half to 4B.

The most ideal way is to get the middle ages out of their jobs and hope it'll shorten most people's lifespan much earlier.

user posted image

Boomer in their 30s(during 70s-80s), some 50 years ago...population was just about 4B over

Modern day midlifers over 30yo..

user posted image

user posted image

This post has been edited by petpenyubobo: May 21 2025, 07:57 PM
SUSpetpenyubobo
post May 22 2025, 07:54 PM

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QUOTE(Catnip @ May 21 2025, 07:57 PM)
No one’s asking for a thousand‑page thesis; just a bit more nuance. If you’re going to discuss workforce dynamics and retirement policy, you need more than a bumper‑sticker slogan.

Oversimplifying labor economics and age demographics doesn’t make you pragmatic; it makes you part of the problem.

Pointing fingers at a 60‑year‑old still delivering results is easy. Holding companies accountable for lazy HR, nonexistent succession planning, and wage‑suppression tactics—now that’s the hard work.

So no, you don’t need a thousand pages. You just need more depth than:

“Old people working = young people jobless.”

That’s not analysis. That’s pub talk.
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We can understand why governments are raising the official retirement age, simple so that civil servants won't be claiming for their pensions for early payouts.

But for the private sector and most others, once you're over 40yo+ midlifers now with all the mass layoffs and age discrimination when hiring what are they going to do? Their EPF widthdrawal age are going to be extended with the retirement extension age what are they going to survive on?

Also I think the elite globalist are stirring the youth to blame the millennials, and Gen-Xers who are still not ready to retire yet claiming they're hoarding the jobs. If these 2 older generations put up a good resistance the younger Gen-Z and Alphas are going to be done for.

All they will do is keep their skills to themselves, do not transfer any of their knowledge to new recruits and refuse to highlight any improvements/errors in the system. Let the new comers take the blame and slowly the system will collapse.

This is what I am observing and the prediction with movies such as Idiocracy is becoming a reality.

We are seeing a slow collapse of the industry and degradation of staff quality over the past few years.

If you compare those online merchant companies such as Shopee/Lazada, telco service sectors, so much blunders and deterioration is their service quality going on. I guess those midlifers who felt the threat of being laid off to make way for newcormers aren't going to part their skills and knowledge to the entitled younger generations who are told that the older staffs are "hoarding" their jobs.

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SUSpetpenyubobo
post May 23 2025, 08:34 PM

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QUOTE(Catnip @ May 23 2025, 01:52 AM)
I'm going to focus on current EPF Withdrawal Rules, based on official guidelines:

Age EPF Withdrawal Options                                                                                                                                                                 
50  Partial or full withdrawal of Account 2                                                                                                                                                 
55  All savings consolidated into Account 55. You can withdraw fully or partially at any time. Contributions after 55 go into Akaun Emas, which can only be withdrawn at age 60.
60  Savings in Akaun 55 and Akaun Emas are consolidated again. You can withdraw lump sum or partially anytime to support your retirement.                                               

This system already gives a flexible and practical structure for retirement planning. And yes, if the retirement age is officially extended in the future, it’s highly likely EPF will simply create another contribution account (post-60) with withdrawal at 65, following the same structure.

Also, don’t forget; Dividends continue to be paid on all savings until age 100. There’s no loss of returns just because you don’t withdraw early.

If you're uncertain about any details, just give EPF a call or drop them an email. They’re pretty helpful.

Look, I love the X-Files, The Lone Gunmen, and Strange World as much as the next guy; But let’s not turn every policy discussion into another conspiracy thread. wink.gif

Facts help people plan. Fear just makes them panic.
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A lot of companies in the private sectors are not longer hiring if you've passed the age of 35 above. What you expect them to do in between these 15-20 years before they can touch their EPFs? What you want them to beg on the streets for survival?

This is not conspiracy but a real disaster in making for countries around the world including China, South Korea and even Japan.

As I said I can understand why the world governments want to keep extending the retirement age to avoid feeding its people too early for pensions.

But how about the private sectors? Do you think about them especially in this country where Nons are less likely to join the civil sector and receive pensions?


 

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