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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)
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If the full EPF Withdrawal age is also increased to 65, the option to retire before 65 would be limited, eg opt to retire at 50..
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Yes, AFAIK, Singapore's CPF no more Full EPF Withdrawal at retirement age, ie only monthly "subsistence" withdrawals until you die, like insurance annuity. You like.?

Malaysia's EPF could end up like Singapore's CPF = more money for the government to borrow for its annual budget.
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Coz they got no other good choice or alternative party to vote for, eg the PAP has often won more than two-thirds majority in GE = could change the Constitution = change CPF rules. In Malaysia, not often got two-thirds majority.
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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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