Malaysia’s EPF declares highest payout of 6.9% since 1997, CPF low rates remain unchanged since 2001

Have CPF members been fleeced by the PAP government for decades?  A comparison between Malaysia’s EPF scheme, which closely resembles our CPF, has confirmed the biggest scam in the universe.

There are stark differences which contribute to EPF’s success vs CPF’s failure.  EPF:
– Is not a loan to the Malaysian government at low rates of return.
– Is managed by professional fund managers, not mostly former civil servants appointed by the government.
– Employers pay a higher percentage contribution than employees, ie not pro business.
– No need to pay interest on/or return any amount used, ie belongs to members.
– Only 30% could be used for housing, healthcare, etc.
– Is not used to supplement government revenue.
– Is not converted to government reserves.
– Is managed separately from real government reserves.

If CPF members have been earning similar EPF rates and a similar lower percentage allowed for housing, healthcare, etc, rest assured there would have been no CPF picnics at Hong Lim Park.

When asset prices headed for the stratoshpere from 2010 to 2016, EPF members were paid commensurate higher returns ranging from 5.7% to 6.75%.

As for CPF members, CPF OA, SA and MA rates had remained unchanged at 2.5%, 4% and 4% respectively over the same period.


It is insulting to be paid such low rates when senior management of CPFB are paid obscene amounts in tax dollars – especially the million-dollar former paper general CPF CEO.

As if to further insult CPF members, EPF declared its highest payout of 6.9% since 1997 yesterday.  😦

While EPF members are being served – portion of EPF investment returns not creamed off by the government – CPF members prefer to serve by allowing daylight robbery to continue.

Likely, the majority of CPF members will regurgitate PAP propaganda on learning about EPF’s 6.9% return: CPF members are protected from global market risks.

(CPF rates have been depressed for decades because our retirement is a loan to the government to invest in overseas assets and abused as public housing loans.)

CPF low rates are here to stay and we should expect CPFB to use the 17-year old template to announce CPF rates in the near future, perhaps for the next 17 years.

CPF members are most likely to continue subscribing to propaganda or foolishly believe that change cannot be effected with PAP in control.

If Malaysia – of all countries – could deliver double the pension returns of CPFB last year and consistently higher for more than 4 decades, what does it tell us about our CPF scheme?

Are CPF members daft goondus, thumb suckers or merely spectators in the daylight robbery of our retirement savings?


If CPFB had not simply handed over our CPF as loans to the PAP to earn super low long term returns according to a flawed PAP-designed formula, CPF rates could have rivaled EPF’s.  If not, then it’s really stupid to pay GIC fund managers multi-million dollar pay packages.

CPF members have lost a lot of money to the government.  As an example:

A CPF member with $100,000 balance would have earned $6900 (EPF rate)instead of $3500 (estimated average rate of OA, SA and MA).

Over a 20 year period, the same CPF member’s balance would increased by an additional more than $100000 (EPF rate), including interest, compared with CPF average rate of 3.5%.

EPF members did not need the Malaysian government to offer a ridiculously low rate of return to protect them from market risks.  CPF members were also not consulted before PAP implemented its damn bloody costly protection scheme. 😦


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