PETALING JAYA: Malaysians reacted strongly to EPF’s four proposals, including aligning the full withdrawal age with the retirement age of 60.
Mohrer Dom said on social medial that the choice of full withdrawal should remain at the age of 55, regardless of whether there were four or 40 options from the Employees Provident Fund.
“Why is EPF being a busybody with other people’s money?” he asked.
Marc Leon Herbert posted on Facebook that retirees should not be fooled by the option of realigning the withdrawal age to 60.
“We should stick to withdrawal at 55 without conditions attached,” he added.
Kavita Anbarasu said EPF should stick to the status quo. “Health and strength levels at the age of 55 and 60 are not the same. Within the five years, people can even die,” she said.
“At 55, at least they can enjoy their money by travelling. At 60, what do you expect them to do? They will be too old.”
David Lee said the current option of withdrawal in full at 55 should remain, unless the member preferred to save his or her money in the EPF to earn further interest at a good rate.
source : The Star
“Why is EPF being a busybody with other people’s money?”-(I like this statement). Why is EPF is so adamant about keeping our money? Not many people live up to 75, and very few live up to the age of 100 years old. ~mydestiny2011