Very Few Malaysians Can Afford To Retire. What Went Wrong? | Insight | Full Episode

[Hightech88]

@syed putra - Feeling fortunate in S'pore?


Between 2020 and 2022, around USD$33 billion was withdrawn from Malaysia’s pension fund, the Employee Provident Fund (EPF), to help mitigate the impact of the COVID-19 pandemic.

Now, about half of EPF contributors under the age of 55 have less than MYR10,000 in their accounts.

And according to EPF officials, only 4 per cent of Malaysians can afford to retire.

As soaring inflation and the weak ringgit drive up cost of living, the opposition has piled pressure on the government to allow for another round of EPF withdrawals.
But Prime Minister Anwar Ibrahim has resisted further drawdowns.

Can Malaysians afford to retire? What plans does the government have to replenish the pension fund? Is Malaysia facing a retirement timebomb?
---------------

 

[blackmondy]

Fucking Piss And Poop media only knows how to highlight and magnify other country's problems but chose to act blur towards its own.

 

[birdie69]

Sinkie can easily afford to retire in Malaysia

 

[Peter Ahmad Muniandy Wong]

Unfortunately in Malaysia EPF means Earnings Probably Fucked.

 

[syed putra]

That's because they are allowed to withdraw their accounts fully at 55. No questions asked. No conditions imposed.
New conditions only applies to new contributors.

 

[JohnTan]

@syed putra - Feeling fortunate in S'pore?


Between 2020 and 2022, around USD$33 billion was withdrawn from Malaysia’s pension fund, the Employee Provident Fund (EPF), to help mitigate the impact of the COVID-19 pandemic.

Now, about half of EPF contributors under the age of 55 have less than MYR10,000 in their accounts.

And according to EPF officials, only 4 per cent of Malaysians can afford to retire.

As soaring inflation and the weak ringgit drive up cost of living, the opposition has piled pressure on the government to allow for another round of EPF withdrawals.
But Prime Minister Anwar Ibrahim has resisted further drawdowns.

Can Malaysians afford to retire? What plans does the government have to replenish the pension fund? Is Malaysia facing a retirement timebomb?
---------------

jihad/terrorism is more important than retirement or the economy to jiuhu leaders. The majority of jiuhukias voted for it.

 

[ChristJohnny]

Because of low IQ ...

Most Engineers, Accountants, Doctors etc were able to retire comfortably. While most delivery drivers, taxi drivers and various blue collar workers were the ones complaining ...

Race and IQ

 

[syed putra]

@syed putra - Feeling fortunate in S'pore?


Between 2020 and 2022, around USD$33 billion was withdrawn from Malaysia’s pension fund, the Employee Provident Fund (EPF), to help mitigate the impact of the COVID-19 pandemic.

Now, about half of EPF contributors under the age of 55 have less than MYR10,000 in their accounts.

And according to EPF officials, only 4 per cent of Malaysians can afford to retire.

As soaring inflation and the weak ringgit drive up cost of living, the opposition has piled pressure on the government to allow for another round of EPF withdrawals.
But Prime Minister Anwar Ibrahim has resisted further drawdowns.

Can Malaysians afford to retire? What plans does the government have to replenish the pension fund? Is Malaysia facing a retirement timebomb?
---------------

The stupid muhyiddin shut the economy for 6 months twice. It totally destroyed the economy.
Those sme factories with export contracts were obliterated. Many end up bankrupt. People were walking like zombies on the streets as they lost their jobs. Meanwhile, malay gomen were consolidating and empowering the newly formed gomen with new parties.

 

[winners]

If their mainstream language taught in schools will compulsorily remain as Malay, their standard will only deteriorate and will be unable to compete internationally. Enough said.

 

[k1976]

@syed putra - Feeling fortunate in S'pore?


Between 2020 and 2022, around USD$33 billion was withdrawn from Malaysia’s pension fund, the Employee Provident Fund (EPF), to help mitigate the impact of the COVID-19 pandemic.

Now, about half of EPF contributors under the age of 55 have less than MYR10,000 in their accounts.

And according to EPF officials, only 4 per cent of Malaysians can afford to retire.

As soaring inflation and the weak ringgit drive up cost of living, the opposition has piled pressure on the government to allow for another round of EPF withdrawals.
But Prime Minister Anwar Ibrahim has resisted further drawdowns.

Can Malaysians afford to retire? What plans does the government have to replenish the pension fund? Is Malaysia facing a retirement timebomb?
---------------

No worries, There is a Paradise Isle at south...always very inclusive and welcoming

 

[Leongsam]

@syed putra - Feeling fortunate in S'pore?


Between 2020 and 2022, around USD$33 billion was withdrawn from Malaysia’s pension fund, the Employee Provident Fund (EPF), to help mitigate the impact of the COVID-19 pandemic.

Now, about half of EPF contributors under the age of 55 have less than MYR10,000 in their accounts.

And according to EPF officials, only 4 per cent of Malaysians can afford to retire.

As soaring inflation and the weak ringgit drive up cost of living, the opposition has piled pressure on the government to allow for another round of EPF withdrawals.
But Prime Minister Anwar Ibrahim has resisted further drawdowns.

Can Malaysians afford to retire? What plans does the government have to replenish the pension fund? Is Malaysia facing a retirement timebomb?
---------------

Nobody can afford to retire if they do not start retirement planning early life.

 

[A Singaporean]

Oh yes. Sinkies are so much better off and still have time to excercise collecting cardboards.

 

[k1976]

@syed putra - Feeling fortunate in S'pore?


Between 2020 and 2022, around USD$33 billion was withdrawn from Malaysia’s pension fund, the Employee Provident Fund (EPF), to help mitigate the impact of the COVID-19 pandemic.

Now, about half of EPF contributors under the age of 55 have less than MYR10,000 in their accounts.

And according to EPF officials, only 4 per cent of Malaysians can afford to retire.

As soaring inflation and the weak ringgit drive up cost of living, the opposition has piled pressure on the government to allow for another round of EPF withdrawals.
But Prime Minister Anwar Ibrahim has resisted further drawdowns.

Can Malaysians afford to retire? What plans does the government have to replenish the pension fund? Is Malaysia facing a retirement timebomb?
---------------

Quickly come Paradise Isle to get Condo and BTO...all will huat big big in no time

 

[laksaboy]

Fucking Piss And Poop media only knows how to highlight and magnify other country's problems but chose to act blur towards its own.

That's the whole point. Focus on external problems to distract and deflect from domestic ones. Expect more of such 'stories' as the economic conditions here get worse.

PAP is just a mini CCP minus the Great Firewall.

 

[Scrooball (clone)]

You can see how stupid these clowns are from the way they handled the chicken price ceiling.

Cheebye Malaysian politicians think the farmers are stupid? Sell at low price and cut into their profits.

 

[syed putra]

You can see how stupid these clowns are from the way they handled the chicken price ceiling.

Cheebye Malaysian politicians think the farmers are stupid? Sell at low price and cut into their profits.

The price ceiling have been abolished for chicken and eggs

 

[Scrooball (clone)]

lol after the damage was done! Many businesses have switched over to Thailand for supply.