Even those with pensions, do you really think they cam afford to retire early. Only those already high salary will want to retire and they won't get the same $ as their current salary

what if I told you that young and old people are paid the same in my company? flat rate. u tak suka u keluar. do u think people will stay in this company?

Dude, u never know what will happen in the future. EPF also can set new policy and follow the the examples of other countries out there.

I'm not suprised by the time you are officially retired, u can't simply withdraw all the money from your epf account. Can only withdraw monthly and there's limit for monthly.

This is why many people out there still refuse to pump a lot of money inside EPF every month.

The one that do that is near retirement and they don't have to worry. It's the Gen Y and above gen need to worry all the shenanigans that gov of the day will do in the future.

This post has been edited by xpole: May 23 2025, 01:36 PM

For younger gen people, the competition for jobs is not so much from old people.

It will be from automation, robotics, AI, etc.

This post has been edited by CoffeeDude: May 23 2025, 07:05 PM

Ni kerja sampai 99tahun. Sebab peminpin kaya sampai sekarang pun belum mati.

I doubt it is manpower shortage . My guess is the people do not havecenough savings to retire or if theyvretire need to pay pencen.

Tunggu 5 tahun lagi manusia diganti robot.

many epf money already taken out during covid. retire my foot.😂

MP & Adun straight away no more pencen!!

Good point.

Yah. The savings eaten up by inflation.
Heard from news the reason given is 60yo still healthy enough to work. That is bull shit.

This post has been edited by abm: May 23 2025, 01:57 PM

send those 60years old bossed to clean the glass

Do like SG je, cannot take out all, instead you get salary each month

If we want to win we should go straight to 70. Why need to just keep up to SG

Coz Population declining...

because increment of 10 years too dramatic...so have to slowly do it
if directly 10 years increase, guarantee next friday sogo again

we're on that "if they can do it, so can we" mentality

and thn comes all the fail policy that always lose to SG

This post has been edited by MR_alien: May 23 2025, 02:17 PM

The problem is now majority that withdraw all the money from epf upon retirement finish them off in no time.

That is what MP or political people said but if you talk to poor people they have their own reason. Once they get the money, they will clear the remaining house loan. Money also used to repair house that was overdue. Some will go to fix parent house and after that not much left.

By the time I retire I have no loan to clear. Keep the money in EPF to generate enough monthly income which is better than bank

Exactly. Too many cases of people use up all their money after getting EPF and more importantly too many people don't even have the minimum 300k in EPF after retirement

I think we will slowly follow Singapore way in the next few years. Going to be unpopular but it's actually a necessary move

usa no retirement until die

europe 70+

we still much better just more poor

That account is akaun emas. And yes, you can withdraw from this account even though it is reported separately from the normal account.