CPFLife: PAP govt cares for u, really they do

(Part of an occasional series meant to burst the blood vessels of cybernuts like pork-eating, alcohol drinking “bapak”, and tax-dodging grave-dancer “Oxygen”).

Kuala Lumpur EPF branch retirement advisory service (RAS) officer Nornisah Mohd Yusof said many subscribers ran out of their EPF savings within three or five years after retiring although the life span for Malaysians had increased to 75 years.

“More worrying are cases where retirees withdrew 70% of their savings and spent the money in less than 30 days,” she told Bernama.“

https://www.thestar.com.my/news/nation/2016/12/28/epf-some-retirees-spending-all-their-withdrawals-in-30-days/?fbclid=IwAR21pdbrTrQOaWlZbr5KkFr6KJBF1PyKDFwvV_xjlkUrnGn00Z4PPIxJ9Bs