On positive side, company cannot get rid of you to hire new younger people for less pay.
The company have to bear consequences if aging worker become slow and less efficient.
Govt to study ‘retirement at 65’ proposal, otw to 200 years
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 May 23 2025, 11:26 AM
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#1
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7,938 posts Joined: Mar 2014 
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Increase retirement age means that company cannot retire you before reaching retiring age unless you are willing to retire, right? On positive side, company cannot get rid of you to hire new younger people for less pay. The company have to bear consequences if aging worker become slow and less efficient. gobiomani, langstrasse, and 5 others liked this post
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May 23 2025, 12:53 PM
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#2
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7,938 posts Joined: Mar 2014
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QUOTE(MR_alien @ May 23 2025, 12:02 PM) this has nothing to do with working Not really. Even now with retiring age of 60, you can withdraw your EPF at 55 also. The one above 55 is separated into another account which can't be withdrawn as yet. I think. So, if 65, the 55 I think will still be there.this has everything to do with you touching your EPF raiding retirement age = raising the age till you can touch your EPF  fongsk liked this post
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May 23 2025, 02:11 PM
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#3
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QUOTE(MR_alien @ May 23 2025, 12:59 PM) for now what u saw is like this but u never know what their ultimate plan is If we want to win we should go straight to 70. Why need to just keep up to SG of all the things we're competing with SG, this is the one we want to compete and very determine to "win" |
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May 23 2025, 02:19 PM
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#4
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QUOTE(xpole @ May 23 2025, 01:36 PM) 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. The problem is now majority that withdraw all the money from epf upon retirement finish them off in no time. 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.  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 |
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