News

Goodbye One-Off EPF, Hello Monthly Pension? Here’s What’s Brewing

If you’ve ever worried about spending all your EPF savings too fast after retirement, the government might just be working on a solution. And yes, it sounds a lot like what Singapore’s been doing for years.

Monthly EPF Payouts Could Be Coming

As part of the 13th Malaysia Plan, Putrajaya is looking into a system where Malaysians receive monthly pension payouts from their EPF (KWSP), instead of taking it all out in one go.

Think of it as giving yourself a steady “salary” after retirement, so you can stretch your savings and live more comfortably in the long run.

The idea is simple:

  • You still withdraw part of your savings
  • The rest turns into monthly payments for financial stability
  • You avoid the “retire-rich-go-broke-in-5-years” trap

via GIPHY

Inspired by Singapore’s CPF Model?

Many are comparing this plan to Singapore’s Central Provident Fund (CPF) system where citizens receive guaranteed monthly payouts after they reach retirement age. The CPF structure focuses on long-term sustainability rather than instant lump-sum withdrawals.

It may not be exactly the same, but the concept is similar:

  • Keep retirees afloat financially
  • Promote responsible spending
  • Ensure no one outlives their savings

Why Is This Happening?

According to studies, most Malaysian retirees run out of their EPF savings within 3 to 5 years. With rising living costs and longer life expectancy, that’s a big problem.

By offering monthly payouts, the government hopes to encourage smarter financial planning and reduce the risk of retirees facing hardship.

Not Confirmed Yet, But In Discussion

For now, the monthly EPF pension plan is still under review and no official launch date has been set. But it’s clearly on the table, and Malaysians are talking.

Some welcome the idea, saying it’ll protect them from overspending. Others worry about losing full control over their retirement funds.

Either way, it marks a major shift in how we think about retirement.

nur

Recent Posts

Sunway Pyramid Is Now Malaysia’s First SIRIM 55-Certified Mall, Here’s Why Everyone’s Talking About It

If last year was all about upgrading your lifestyle from basic to aesthetic, this year… Read More

26 minutes ago

Stranger Things Returns This November And the Upside Down Is Bringing New Secrets With It

Hey creepaholics, the nightmare society is calling for backup!  November is coming to turn your… Read More

2 days ago

HABIB x Zoo Negara Unveil Limited-Edition Gold Wafers Celebrating Malaysia’s Wildlife Heritage

Calling for gold keepers! On October 24, HABIB will launch its exclusive Limited Edition HABIB… Read More

2 days ago

A Season of Sparkle: Carlo Rino Wraps Up 2025 With Joy, Nostalgia & Everyday Luxury

A Season of Sparkle: Carlo Rino Wraps Up 2025 With Joy, Nostalgia & Everyday Luxury… Read More

2 days ago

Beneath the Armor: Men’s Hidden Battle With Mental Health

Beneath the Armor: Men's Hidden Battle With Mental Health “Therapy? No, I don’t need therapy,… Read More

3 days ago

Carolina Herrera Dares the Good Girl to Move in Audacity!

A touch of elegance, a scent of confidence. Carolina Herrera and Swarovski will bring light… Read More

3 days ago

This website uses cookies.