Najib Zahid! 8 out of 10 EPF members will retire in poverty!

Posted by Tobby > 2022-01-07 02:31 | Report Abuse

Politics!

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2 comment(s). Last comment by Tobby 2022-01-07 02:36

Tobby

7,397 posts

Posted by Tobby > 2022-01-07 02:33 | Report Abuse

Sad! Sad that Najib Zahid is baiting rakyat to draw out their retirement fund! Sad because they knew if 10k one off is allowed, majority will retire without sufficient retirement fund!
We are looking at a timebomb here! The fact that majority of EPF members are not even aware of this fact!

Tobby

7,397 posts

Posted by Tobby > 2022-01-07 02:36 | Report Abuse

Theotrically, you need quarter million if you retire by the age of 55! Tell me, how many have quarter million in their EPF! Yeah, very very very few!
Our basic salary is totally too low! Government need to raise minimum salary to 1.5k and higher contribution too!
And government must also revert back to 6 days working week as Malaysia is losing out to other Asean countries!

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