{"id":69927,"date":"2015-04-21T12:17:51","date_gmt":"2015-04-21T04:17:51","guid":{"rendered":"https:\/\/news.iium.edu.my\/?p=69927"},"modified":"2015-04-21T12:17:51","modified_gmt":"2015-04-21T04:17:51","slug":"new-initiatives-needed-for-epf","status":"publish","type":"post","link":"https:\/\/news.iium.edu.my\/?p=69927","title":{"rendered":"New initiatives needed for EPF"},"content":{"rendered":"<p>PATERNALISM is the philosophy behind the Employees Provident Fund (EPF). As a mandatory savings plan imposed on every employee, except those on a government pension scheme, the intention was always, and still is, to guarantee a substantial nest egg for a retiree. The assumption is that most individuals are not prone to save for their old age, a fact easily discernible from the EPFs findings: most of the money withdrawn at retirement age is spent within a short five years. Given that people remain healthy for much longer nowadays, older folks may find themselves struggling to make ends meet over the years. This is a problem that can be easily aggravated by deteriorating health conditions that come with aging.<\/p>\n<p>To continue reading the rest of the article, click <a href=\"http:\/\/ift.tt\/1aMFpYY\" target=\"_blank\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PATERNALISM is the philosophy behind the Employees Provident Fund (EPF). As a mandatory savings plan imposed on every employee, except those on a government pension&hellip; <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[79],"nelio_content":{"isAutoShareEnabled":true,"autoShareEndMode":"never","automationSources":{"useCustomSentences":false,"customSentences":[]},"followers":[],"suggestedReferences":[],"efiUrl":"","efiAlt":"","highlights":[],"permalinkQueryArgs":[]},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/news.iium.edu.my\/index.php?rest_route=\/wp\/v2\/posts\/69927"}],"collection":[{"href":"https:\/\/news.iium.edu.my\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.iium.edu.my\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.iium.edu.my\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.iium.edu.my\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=69927"}],"version-history":[{"count":1,"href":"https:\/\/news.iium.edu.my\/index.php?rest_route=\/wp\/v2\/posts\/69927\/revisions"}],"predecessor-version":[{"id":69928,"href":"https:\/\/news.iium.edu.my\/index.php?rest_route=\/wp\/v2\/posts\/69927\/revisions\/69928"}],"wp:attachment":[{"href":"https:\/\/news.iium.edu.my\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.iium.edu.my\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.iium.edu.my\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}