Posted by Tobby > 2022-01-04 20:38 | Report Abuse

As mentioned by Zafrul, 50% of EPF contributors dont even have 10k in their account! What a joke! I mean, half of private sector workers will not be able to retire at all!
To please their grassroot and also to bring down PM Sabri, Najib Zahid proposed further 10k withdrawal from EPF! The impact of such withdrawal is dangerous! EPF may ceased to exist! Because EPF do have investment with monthly repayments! That's why we get high returns! Because EPF invest contributors savings! And if so much is drawn from EPF, then EPF can't afford their initial investments!
What Najib and Zahid suggest is dumbass! They risking our nation just to save themselves!
I hope malaysians understand that we should not play with our retirement fund! And Najib has bad track record when it comes to our funds! He already destroyed public pension fund and also Tabung Haji!
We certainly should not listen to Najib Zahid and destroy our EPF as well!

Posted by stockraider > 2022-01-05 09:31 | Report Abuse

Not true loh!

If Epf allow withdrawal say upto average Rm 10k per contributors, for say 4m contributors...it would mean additional Rm 40b mah!

EPF still have substantial funds at least Rm 850b funds under its management, how can epf cease to exist leh ?

Anyhow, those holding Rm 10k now, is also insignificant to their retirement mah!

But then Rm 40b stimulus to the economy from here will mean alot to them & the economy mah!

Msia Govt cannot forever keep dishing out financial aids, the citizens need to take responsibility mah!

If govt were to dish out Rm 40b on their own from borrowing, the future generation still need to pay for the spending mah, thus it is preferably to let people in need some of their own money to overcome current emergency loh!