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Singapore is a Chinese-majority city state = has nearly all Chinese-majority urban constituencies, ... whereas Malaya has mostly Malay-majority rural constituencies with fewer Chinese-majority cities/urban constituencies.
....... Seems the Chinese-majority, both in Singapore and Malaya, mostly vote in unison.

Since independence in 1963, PAP has retained 2/3 majority or more in Parliament. This may be bc of the saying, "Better the devil you know than the devil you don't." = the Singapore government abused its given absolute power to garnish the people's CPF money for its annual budget and for its GLCs like Temasek, in the form of IOUs or low-interest govt bonds.

Like they say, "Power corrupts. Absolute power corrupts absolutely."

P S - Similarly in Malaya or the Peninsula, nearly all Chinese-majority cities/urban constituencies have been won by DAP, which was a PAP branch before 1963.
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Only benefits those bosses…if work as kuli until old not worth it….

I think 65 years old retirement is okay

The older the person their pay become more expensive...

I think is to give the people the option to choose because some old folks still healthy at 65. If they want to continue work till 65 up to them. But epf money must be able to withdraw at 55.

If partial at 55 then full until official 65 retirement age, will you support?

Can,... don't self-contribute anymore.

Start business earlier whereby you can 'control' your finances better and not contribute too much legally.

For those who reached 50 yo, take out whatever possible for a good reason.

Start biz earlier? You think all biz is sure profitable

What is wrong with putting in EPF and not withdraw everything?

We were on the topic of how to avoid our funds being held back for a long time. Hence, I recommended those methods.

IF,... your thinking is of not having any issues with having your funds inside EPF for a long time, then ignore my inputs.

The topic is not why against 65 years old retirement?

Anyway, it’s a genuine question. Why you so eager to take it out?

You really sure can find something that gives a better safer and stable returns like EPF

60 pun sudah tak efficient. lagi mau extend? bayar gaji mahal tapi buat kerja ciput. dah la still with boomers mentality. ofcoz youngsters will oppose.

pension no longer available for government sector ,except Uniform guys

I will not waste my time referring anything further,... but I'll reply your genuine question which would be more productive.

I am a savvy investor,... look at my other posts in this forum.

I am not eager to take out my EPF,... I don't even know how much I have in my EPF. I have never needed to use my EPF.

I counter-commented earlier because of my assumption of the topic at hand for which you indicated it was not. I was just trying to be helpful.

The Older-Worker Productivity Drain Is (Mostly) a Myth: Study

https://www.thinkadvisor.com/2023/11/27/the...y-a-myth-study/

Malaysia used to be retire at 55. Stick with it.

You are outdated. It’s 60 years now

Sebab mau kejar akhirat.

Dunia ini permainan sahaja.

I said "used to be".

Gosh, 55 yo retirement age was more than 24 years ago! People no longer used to 55 year old dy.

Since 2013 only.