Why Malaysia’s EPF is superior to Singapore’s CPF

Phillip Ang

* The author blogs at LikeDatOsoCanMeh.

 

 

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19 Responses to “Why Malaysia’s EPF is superior to Singapore’s CPF”

  • LIONS:

    So,is MALAYSIA FIRST WORLD AND SG,Third?

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  • TL Tan:

    We need to look beyond the superficiality. Anything that pays out a higher interest rate means higher risk is involved. It is not possible for anyone to pay you more for free. Therefore, it is fair to conclude Malaysia’s EPF is engaging in higher-risk investments than our CPF. While GIC invests our CPF on our behalf to generate returns, there is no evidence that our CPF is being used as cheap loans to the government. Finally, if Malaysia’s EPF has no tweaks, it just means it is still adopting an archaic system that is not adapting to the times. If you ask non-Singaporeans and non-Malaysians (ie. people from the rest of the world) to choose, they will choose to be in Singapore and subscribe to our CPF anytime as our sovereign risk is close to zero.

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  • JUST WHY?:

    Squeeze interest rate/dividend lower from CPF Members to make them appear to Profit/Perform Better and reap the Performance BONUS into their pockets.

    Mind you, 2% of Trillions$ is “ALOT” of money. Any stupid fool will instantly show performance results and tell the house “WE HAVE BEEN PERFORMING, NO NEED SUSPECT US”. KNN.

    Sad States for all the sinkies. Not enough money for retirement, no income, still must pay for GST tax.

    What is with the “Singapore”?

    Do you need to pay them Millions [husband and Wife teams] to treat you with all the insincerity, devoid of care?

    Just, WHY? do I need to vote them FOR?

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  • NotMyProblem:

    @Phillip; CPF was better than EPF previously, until someone treated it like an ATM. No one knows the money that was taken from CPF and no one can ask. In order to stop anyone from asking, PAP makes it in such a way that it is confusing. And to tell you it would “undermines national unity” if you ask.

    You see, in Singapore, there are a lot graduate with every and all kind of degree, anytime better than Malaysians’. But Malaysians were smarter to know when something happened to 1MBD’s money. They kicked out the one in charge.

    With so many graduates in Singapore, no one knows anything about CPF, GLC, GIC, Termasick and how much their CEOs take from taxpayers. So many hands inside these cookie jars and everyone just looks the other way hoping there is something left inside the cookies jars for them.

    GE is coming, see if these graduates can prove they are smarter. If they know after this GE, PAP will be increasing 2% to the GST and various other tariffs will be hiked too. If their Papas were paying for these charges, they won’t know, right? Hope they don’t think that PAP pays their parents few hundred dollars would cover all the increases!!

    I am praying to save this country.

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  • IB are prostitutes and traitor:

    Even If true, the psychology of typical
    a singaporean is they cannot take BAD NEWS because they have been brought up listening to the good news.

    If not mistaken, if you a Singaporean that Malaysia Epf is better, they won’t believe.

    It’s just like opposition have been raising the issue of streaming for a decade or more and the people never believed nor supported them.

    If you believe shit tastes great, then to you, it’s great taste.
    The truth notwithstanding.

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  • We know:

    Our CPF is BROKEN!

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  • honest and dishonest:

    clown pap tells lies. INDIAN is malay from 9am to 5pm istana. INSIDE 200m is not within 200m when rule of law is obviously broken. can sue 70% sheep but cannot sue own brother and sister in open court. abuses citizens’ CPF as if it is lky private asset when obviously not.

    now about Msia EPF. even najib the crook did not abuse power via UMNO PA unlike clown pap PA. and there is no INDIAN is malay from 9am to 5pm in Msia. more than this, INSIDE 200m is within 200m by Msia laws. najib could not suka suka sue Msians unlike pap clown. and Msia EPF is not abused so that Msians get the full 6% for EPF unlike 70% sheep in Spore CPF.

    because Msia government is honest in EPF, whether under najib UMNO or Dr Mahatir PH, Msians benefit from their honest government. because clown pap tell lies everyday, Spore 70% sheep are conned everyday.

    that is why Msia EPF is far superior than Spore CPF.

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  • Samuel S:

    If our people is better than Malaysians and Singapore is richer than Malaysia, why we are being paid lower interests than neighbouring country?

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  • NotMyProblem:

    Samuel S:
    If our people is better than Malaysians and Singapore is richer than Malaysia, why we are being paid lower interests than neighbouring country?

    In Singapore, 7 out of 10 working adults held a degree of various kind and the rest with other qualification. Malaysia has less than half of that. But Malaysia could sense something wrong with billion ringgit missing from 1MDB. They kicked out the Official Numbor Satu, who was in-charge.

    Our graduates in Singapore cannot even see when so many hands were inside the CPF’s, GIC’s, GIC’s, Temasick’s cookie jars. These graduates were hoping that somethings are left behind for them, not knowing that by the time they could get to the jars, they are all emptied.

    When we asked the Indian masquerading as Malay President, she would say; “All the cookie jars were full to the rim. The 70% must have emptied them!”.

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  • Trust only myself:

    Samuel S:
    If our people is better than Malaysians and Singapore is richer than Malaysia, why we are being paid lower interests than neighbouring country?

    ….because majority here are goondus……

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  • 70% sheep $ is stolen everyday:

    Samuel S:
    If our people is better than Malaysians and Singapore is richer than Malaysia, why we are being paid lower interests than neighbouring country?

    when a nation is run by legalized thieves then what is left is so meager it cannot be helped that 70% sheep is paid lower than citizens of Msia run by more honest government.

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  • Your CPF is gomen expenses:

    One more thing…. our Medisave piggy bank is carved out of CPF. The EPF is burdened by no such thing; their public health care expenditures comes out from government revenue.

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  • Dafts Will Be Dafts:

    TL Tan:
    We need to look beyond the superficiality. Anything that pays out a higher interest rate means higher risk is involved. It is not possible for anyone to pay you more for free. Therefore, it is fair to conclude Malaysia’s EPF is engaging in higher-risk investments than our CPF. While GIC invests our CPF on our behalf to generate returns, there is no evidence that our CPF is being used as cheap loans to the government. Finally, if Malaysia’s EPF has no tweaks, it just means it is still adopting an archaic system that is not adapting to the times. If you ask non-Singaporeans and non-Malaysians (ie. people from the rest of the world) to choose, they will choose to be in Singapore and subscribe to our CPF anytime as our sovereign risk is close to zero.

    We need to look beyond the superficiality of propaganda but rather into the real outcomes.
    For the “same risk”, malaysia has been able to pay 6% while our obscenely paid PAP government only 2.5%.
    The global market has been averaging 8% returns, 12% for slightly more risk ventures. As said things are not free,PAP had under performed and not able to give the returns that many other “cheaper” governments could.
    Only money in one’s pocket is real, money in CPF statement is only feel good.

    If you ask many other Singaporeans and non Singaporeans, they would rather take their real money out from CPF anytime and live elsewhere rather to feel good to have it locked up and depleted by PAP masquerading under the meaningless “zero sovereign risk”.

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  • Simple Answer For Dafts:

    Samuel S:
    If our people is better than Malaysians and Singapore is richer than Malaysia, why we are being paid lower interests than neighbouring country?

    Malaysian government are more honest and malaysians not stupid, they will hesitate to kick out their government.
    As a result, they get more.

    Sinkies are stupid, they believe when the PAP government said they are with you and for you.
    This fact alone, Sinkies should be paid lower, why pay more when less can do the same trick?

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  • Lee Bee Huaye the PLP:

    https://www.asiaone.com/singapore/complete-guide-cpf-life-monthly-payouts-plans-minimum-sums?amp

    New article just released explaining in a rather clear way about the extremely complicated cpf scheme.

    Can something be good if made so complicated?
    From a design perspective, it’s fundamentally flawed.

    My conclusion is :
    1. If you are rich, CPF scheme or no coffee scheme does not really affect you.
    You can get great or better returns through other investment or annuity schemes from private sector.

    2. If you are poor like the 50% or so Singapore employees, the cpf scheme is a torture.

    So, Rich or Poor , the cpf scheme is not really required.
    It’s required if you are lazy to help yourself to let the garment spoon-feed you.

    It’s REDUNDANT!

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  • Got cpf savings but locked:

    Even the nearly 50% low wage singaporean employees have some money in their CPF.
    But they are not allowed to get apayout until a high bar set for them is reached. This is inhumane and unfair.

    So poorer employees should still get payout but proportionately lesser than the current retirement sum.

    But illogically, the high bar set disallows them to get any payour until the sum is met . This will take them forever if not they die first whichever comes first.

    As most Singaporeans won’t vote against, this GE the 50% in poverty should find their balls and do the right thing. Of succeed, the pap should be forced to tweak the cpf in favor of the Singaporeans in poverty.

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  • Got cpf savings but locked:

    LIONS:
    So,is MALAYSIA FIRST WORLD AND SG,Third?

    The China is not first world like Singapore at national level. But it’s retirement plan is prob better than Singapore.

    So, don’t be ignorant . A better retirement plan can come from developing world. By the by, Malaysia is nearly a developed country and it’s not a third world country. It’s a developing country.

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  • TOTAL DEFENCE:

    Why is Singapore cpf such a complicated monster compares to its initial form?

    Did the boss kept asking the finance experts to delay the withdrawal and that’s why the scheme kept being tweaked until its unrecognizable ?

    The poor 50% low wage earners are so pathetic.

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  • Retirement should be Simple:

    Retirement is simply Savings.
    No one is EQUAL.
    Our wealth are all different.
    Our healths are all different.
    This means CPF policies which has become a Frankenstein is fundamentally flawed because it’s made a simple thing complicated.

    From a design perspective, there is fundamental problems.
    It’s not sustainable.
    This policy cannot stand the test of time.
    Wait and see.

    It will be forced to change.

    The main issue is even the poor has some money they need to use for retirement but they are not able to withdraw it due to retirement sum that abt 50% cannot meet.
    When your savings for retirement is locked, you cannot retire.
    This scheme is a failure at fundamental level.

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