Raising the age for
full withdrawal of EPF (Employers Provident Fund) savings from 55 to 60 years old.
What do you think? Most
EPF contributors are against this idea. It is understandable as it is THEIR
money. But consider the following:
1. 70% of EPF
contributors had less than RM 50,000 in their accounts upon their retirement.
2. The average life
span of Malaysians has increased from 68 years old in 1980 to 74 years old in 2012.
3. Even with at least
RM 196,800 in savings upon retirement, EPF worked out that an individual will
have to live by RM 820 per month for 20 years.
