Today, our Prime Minister, Datuk Seri Najib Tun Razak has been give a statement that EPF will retain their policy to give member right to withdraw at the age of 55.
He said that in just two days of the online consultation process, more than 50,000 Malaysians have taken part and given their view.
EPF ensure that any new enhancement will only apply to new contributors if members decide to work beyond 55. Najib also announced that EPF has embarked on an initiative to offer Syariah compliant investment options for its members as of 2017. It will create the largest Syariah fund of its kind in the world and will further strengthen Malaysia’s position as a leading Islamic financial centre.
It is great news for EPF contributors. I’m totally disagree if the fund right change to 66 years. It doesn’t matter how long you save as the financial management is not good. The important part for our retirement age is education and investment. We must learn how to invest and not just depend on EPF money. We need to diversify our saving and create more profit in the future.
For EPF, they must know where to invest and give more dividend to their contributors. Not just make this law which is make people angry.