By G. Sharmila
In this four-part series, KINIBIZ looks at the EPF and retirement in Malaysia. EPF has initiated a public consultation on increasing the full withdrawal age limit from 55 to 60. However, members of the public have argued that they want to be able to decide what to do with their retirement savings. KINIBIZ explores the matter in Part 1. In Part 2 we look at Prime Minister Najib Abdul Razak’s announcement that the full withdrawal age for EPF members will remain at 55.. Yet experts believe that the majority of the Malaysian public is not prepared for retirement. Has the PM jumped the gun at the expense of the rakyat? Part 3 focuses on KINIBIZ’ P Gunasegaram’s discussion on BFM with David Chew, Julian Ng and Melisa Idris on the proposal to raise the full withdrawal age limit to 60. Finally, we have Tiger … The PM’s announcement caught the public by surprise, as EPF was just two days into its online public consultation process on the withdrawal age options. Tiger thinks that the PM jumped the gun, thus undermining EPF.
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