this is the core reason. singapore is a very good model of how longer retirement age will look like.

why work so hard in life?
what are you trying to achieve in cooperate?

by that ages should have kids and offsprings edi.

Govt pension is sedap. Work 40yrs guaranteed increment and promotions, retire and and live another 25-30 yrs get half celery and can pass on to spouse and children after passing. Damn sedap.

1. gov paying less pension.
2. gov can tax more coz you work longer.

win-win for gov.

old fags sampai masa, sudah kaya, plox die far far

a lot of orangina cannot tahan work over 55.

most retire early

retirement plan = many children grow adulthood

I personally have “millions” in epf for sometime already, and have been using it as a high yield easily accessible account.

It’s a non-issue to me at all as i can withdraw freely anyway even before the retirement age. It’s also a non issue to all my similar acquaintances - those with already millions in EPF knows it’s a damn good investment portfolio to diversify into, while those who can’t even break out from the EPF threshold instead will be the ones to bash epf, be the loudest and says how they’re a “master” investor and making more money elsewhere, while can’t even meet the mere epf limit for withdrawals lol

Instead you should be worried for those that almost reach million but never gets there as the goalpost will be constantly moved.

3 things:
1. Thought will get free money when retired, thats why as early as possible
2. Thought KWSP regardless amount is enough for rest of life no matter 10 years,20years or 30 years. Bad in math.
3. Asalkan syukur.

Big IF...... anyone who wanna risk losing GE can opt for the big IF dik

If no kids to take care and house already paid. Why still need to work? Ayam 47 already planning for retirement. Don't ask me to work till 65. Unless only need to work 3 days a week and no deadline.

pretty much ask pensioners to fly kite. gov will help spend ur pension. lol.

Not Malaysian in general, but rather workers of public sector with pencen.

Private sector? You can retire anytime you wish as long as you think you already have enough in your EPF.

If can retire earlier with lots of cash, better. Can enjoy other aspects of life rather than going to work. Retire age 60, maybe lots of cash, but no energy or no longer healthy to enjoy remaining years.

They withdraw epf money for vios and iPhone, so no money left.😅 work till 65 also not enough.

It’s more like you can’t withdraw epf before 65.

Gomen can set whatever retirement age they want as long as they don’t hoard our money.

The only one who want to raise retirement age is politician, so they can continue to songlap...

I already wanted to retire at 45 . Why so dumb work for your entire life , most of the people wont live past 65 nowadays . life != work

Angmoh work cuz no kopitiam to lepak everything close after 6pm

That’s how the poor remain poor, with such shortsighted mindset and lazy attitude in expecting “guaranteed” increment. With no risk, naturally you’ll get extremely low returns too.

Let’s use your example of 40yrs drawing working salary, but instead said worker is in private sector, contributing to EPF:

Starting with rm0 in epf, and assuming ZERO increase to EPF contributions for the full 40 years, at the end of year 40, said private sector worker will have RM2,458,902.05 as a lump sum available to him with 5%~ epf rate.

Let me repeat that again, a person who contributes just 1500 for 40 years, with NO increase towards that mere 1500 monthly (inclusive of the employer contribution, means your payslip deduction is lesser than 1500), will have around 2.5mil as his retirement “gift”.

With 2.5million in capital, it freely generates rm125,000 annually in interest @5% returns, which equates to a little bit more than 10k income per month for that said private sector retiree.

On top of that 10k per month income, don’t forget he still holds onto 2.5million as his investment capital, a money that will guarantee generational wealth even after you die.

Moral of the story is, dont be stupid, govt pencen is not the point of working for the government, it’s the “supplemental”, “extra-mile”, “close-1-eye”, “contract&procument” fees that you earn through your 40years is the main selling point, not some bodo pencen, which only draws 50%? 60% out of whatever low ammount of gov workers base salary scale lah

politician can work until they day the die