Why all the brouhaha over the EPF’s new policy?

CONCEIVABLY, it is a clever scheme to attract the attention of retirees when the Employees Provident Fund (EPF) comes up with a ruling that allows contributors to keep their money with the fund until the age of 100.

However, after careful scrutiny, what comes to mind is such a ruling would not be necessary for the majority of contributors – unless they view their savings in the EPF as an “inheritance” to be passed on to the next generation instead of money saved to be used in their retirement.