QUOTE(svchia78 @ Jun 18 2025, 11:11 AM)
You said what - It is /k .. why so serious... 😄
Many /ktards sembang kencang saja but belakang tabir lain pulak... even if those /ktards really live by what they said, nothing much we can do about it.
Coming to what the government is doing - I don't believe it is being concerned about rising life expectancy per se... The fact that they are implementing mandatory EPF contributions for foreign workers - whom will not stay here for long let alone after retirement age - is already some agenda there.
And knowing it is a fact that life expectancy has risen, what are they planning to do to improve the welfare system for the oldies? Asyik throwing money for some "causes" that do not directly benefit this nation in the pursuit of some brownie points.
Pushing the retirement age higher would lead to some deadwoods hindering progress.... and the younger generation can find what job? Don't forget AI and automation will eventually render many manual workforce redundant. You try to solve one issue (catering to longer life expectancy-related issues) but it will be at the expense of another (upcoming younger generation unable to get employment).
It is a tricky-balance for the government of the day but you must understand the concern the people (/ktards included) have on the the government-of-the-day's ability (or more accurately, inability) in many respects to handle the affairs of the country as a whole. Well, at least the people are, in that sense, thinking.
The same reason again about youngsters replacing boomers. This is the typical mentality of youngsters who thinks the older gen are hindering their progress but in reality majority of youngsters are not capable enough. That is a fact. Those that are capable are already leading and those who are below are just not good enough yet. As for AI and automation, its something unavoidable and that is who government around the world including us are preparing for it. Even without AI and automation, how many youngsters today want to do the manual jobs. Why we have so many Banglas and Indons. Don't forget that we are going to be an ageing nation too where there will be a lot of people above 65.
You have to look at the EPF stats. How many people have the minimum 240k when they reach 55? Around 33% only. That is a very worrying sign which the government must do something today because if it's not done, we will be saddled with a large number of people who rely on the government for everything. Today it's already bad. What will happen in a decade or two? Look at our public hospitals. It's already facing problems. Imagine what will happen in a decade time when even more people rely on government hospitals.
My prediction is government will gradually increase retirement age like what Singapore is doing. First to 62/63 and later to 64/65. I think they will also follow Singapore way in monthly withdrawal and similar to Singapore way of treating foreign workers, we are doing the same thing too. So, what is Singapore government agenda? Is it a bad thing for Malaysian if foreign workers need to mandatory EPF?
As for government, no matter who is the government, there is no guarantee they will satisfy everyone.
This post has been edited by 30624770: Jun 18 2025, 10:31 AM