I'm ok with senile old ppl working. But how menurunkan kuasa is coin in 1st place.

Not not taking the responsibility, unclear order, go meeting and seminar and go back office just handle PowerPoint presentation and ask all staff do it . Oh! I should using bold, UPPERCASE and humongous Font. Like their belly.

because legally retirement age is just a number....there are no rules or laws that say u have to retire at the age of 55

realistically raising retirement age means raising the age where you can touch your EPF

Need retire early, coz gov boleh bagi tongkat in few different ways.
Rakyat sokong, keep voting politikus yang bagi tongkat, and fxck the future gen.

After 65, retired for what? Most may drop dead the very next day.

All becoming company slaves. Now, young people fighting back by not getting married and have kids.

Up the retirement age to 65 but allow full EPF withdrawal by 60. Kan senang.

A lot of countries in the list quoted by TS eg Netherlands you get full pension only upon working till the required age eg 67.

Private sector also pension by govt. 🤔

This post has been edited by dogbert_chew: Jun 4 2025, 03:28 PM

sad case is after retire, you don't know what to do. Ho hobby, friends are all from work. Just site home wait for the day to come.

Yeah. I have one colleague in Turkey decided to retire at 40 yo to get that pension. A very pitiful amount
Then she slowly go find new job

Their retirement age law is subject to the day they start working

This post has been edited by knwong: Jun 4 2025, 03:32 PM

the problem is some old people are somewhat senile and cant make logical decisions anymore
this will create trouble in the workplace

This post has been edited by bigmac999: Jun 4 2025, 03:43 PM

cause work is for cow

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

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

You make good points, but all my confident in the system has been broken last few years. We all know it as much as we wan to believe the opposite.

Also there is no guarantee that ppl can remain employed in private all the way to 60. Most will be laid off many2 years before that so no more contribution. Any work they can fine maybe pay minimum wage at most unless they take out capital to do own business. Job for life is very lesser now.

For gov pencen, plenty of lifetime servants who keep head down and retired at 60, monthly draw around 7k+ not bad what. These days can live another 25 yrs. Then pass to spouse and children some more + other benefits for serving nation. If it is kacang putih as u imply they wouldn't have pushing civil servants to epf system because too expensive

.
Fyi, 34 countries provide social pension to the elderly/retirees that is funded by tax money. In USA, their Social Security Fund for retirees is being used or borrowed by the US government for its annual budget. In Malaysia, the government also borrows from the EPF for its annual budget, besides providing social pension to retired civil servants. Similarly for other countries borrowing from the pension funds for their annual budgets.

So, there is motivation for the governments in the world to extend the retirement age to about 65-75 yo = pension fund or social pension withdrawal age also extended, so that the govts could borrow more from the pension funds or spend less tax money for social pensions. .......

https://en.wikipedia.org/wiki/Pension

https://en.wikipedia.org/wiki/Social_pension

https://en.wikipedia.org/wiki/Social_Securi...(United_States)
.

many people confuse about government workers getting epf

the government workers getting epf are the new ones getting hired starting last year

the current government workers are still pension

What gov role can get 7k+ monthly pencen? Most I know are way below that
7k+ pencen is drawing like >20k month previously...

Well yes, you can’t argue that government job security is one of the greatest peace of mind someone could have. Any other MNC job will just layoff staffs in the guise of “re-org” ie. Legally firing you.

However i strongly believe the govt move to push civil servants for epf is because epf business nature: investments is a great hedge againts inflation and has a proven track record of consistent profit, and the more capital epf has to work with, the more net profit they will get. Some split of their investors (ie.epf contributers), while the rest is plain profit for the epf organization.

It takes money to make serious money. Ie. If someone is holding onto 250k capital, it would take them 25~years to reach their first 1mil (assuming 5%~ rate again), while it takes the same person, just another 13years, to make their 2nd million, and it just snowballs greatly from there onwards.

My point is, the EPF organization undeniably is generating profit for the country, and the more ringgits they have, the more return in absolute ringgit value (not %s), that they will have. And how to load up the the EPF organization with even more capital? Forced contributions for all goverment servants. It is to benefit the EPF organization & govermental body first, and not the “rakyat”. I know from insiders info that there are multiple years that EPF’s profit rate was in the 12%~, while the investors are only getting 5% out of it. Heck even s&p500 is averaging 10% but with risks lah, so most ppl still ok or uneducated to let EPF fly with it.

There’s so many nuances you could argue from both side that it’s impractical to talk about in a forum format. Ie. Super stress free whole life, retirement no need think, special healthcare/room benefit for retiree, etc, but like i said earlier, if completely low risk, don’t expect great returns.

Yeah I'm against 65 retirement age because I don't want to have any retirement age. I want to work continuously.

All, remember u can retire anytime u want. U can retire before 60.

For those who think about getting rid of older staff so that they can rise up to higher positions, no it wont happen. If u r confident of ur own capability, enjoy ur work, u wont think like that

How much Msia gomen borrow from EPF? Got pay back?

Yea, i personally know one retiree whos some sort of state representative for whatever the heck, is drawing close to 5k only for pencen.

And he’s not your average govermental servant ya.. he has drivers, and a shitload of very “official” looking benefits such as authorized to officiate shits, have state owned cars and the shebangs.

He just told me that most of his prior $ comes from additional allowances thats not part of pencen calculations, and his base salary is ciput, says i can just google his salary scale for his grade and I’ll understand. But of course i couldn’t be bothered and he got no point in lying to me anyway