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 Why Msian so against new 65 yr old retirement age?

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bigwolf
post Jun 5 2025, 12:30 PM

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QUOTE(30624770 @ Jun 5 2025, 12:07 PM)
Fact 1. Malaysian population is aging population
Fact 2. Most Malaysian people don't have enough when they retire at 60
Fact 3. Some Malaysians used up all their retirement funds in just a few years after retiring
Fact 4. Most successful countries in the world set their retirement age above 60
Fact 5. EPF sustainability will be a problem in the future if we continue with current set up

There are tons of reasons why raising retirement age is a no brainer lah
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QUOTE(30624770 @ Jun 5 2025, 12:07 PM)
You do know that nobody can force you to not retire early, right?
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No issue with raising retirement age, provided epf withdrawal remains at 55/60

I want to have the freedom to choose whether to continue working or relaxing in my later years but i can't agree to my epf funds being locked away like singapore
bigwolf
post Jun 5 2025, 12:52 PM

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QUOTE(knwong @ Jun 5 2025, 12:46 PM)
Why Singaporean continue to vote PAP despite having evil gov locking their CPF?
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You go and ask the singkies la, ask me for wat, i not voting there wat tongue.gif

End of the day i want to withdraw my epf at 55/60 but the freedom to also choose to work until 65 if i want to. If you want the govt to keep holding your epf without letting you withdraw until you die, thats your choice

This post has been edited by bigwolf: Jun 5 2025, 12:54 PM
bigwolf
post Jun 5 2025, 01:25 PM

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QUOTE(anzen600 @ Jun 5 2025, 01:18 PM)
65 or whaever age is fine as long as the 55yo full withdrawal option is there. Just imagine ppl who wanna early retirement before 55 then suddenly cannot withdraw the fund n no job. Damn sked eh
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This. Can put retirement age at 80 oso i dun care as long as my epf can withdraw at 55/60. Not as if retirement age at 65/70/80/100 means you cannot retire and forced to continue working lol
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