*Only For Academic Purposes. The root cause why majority does not have enough to retire? KWSP is the biggest money lender in the Bond market to Federal Government, GLC, GLIC and private companies. Ketua Audit Negara 2021 reports that Federal Government borrowed from Pensioners of KWAP, Workers of KWSP, Depositors in Banks, Savers un Insurance Companies and investors in Unit Trust RM1300 Billion. But only RM190 Billion can be found in its assets. Can any one with common sense tell us what happens when a Government or a Company liabilities is greater than its assets and what will come of KWSP and etc as money lender?
Blog: Why the retirement age should not be raised from 60 to 65 - Koon Yew Yin
2023-05-01 14:32 | Report Abuse
*Only For Academic Purposes. The root cause why majority does not have enough to retire? KWSP is the biggest money lender in the Bond market to Federal Government, GLC, GLIC and private companies. Ketua Audit Negara 2021 reports that Federal Government borrowed from Pensioners of KWAP, Workers of KWSP, Depositors in Banks, Savers un Insurance Companies and investors in Unit Trust RM1300 Billion. But only RM190 Billion can be found in its assets. Can any one with common sense tell us what happens when a Government or a Company liabilities is greater than its assets and what will come of KWSP and etc as money lender?