Hands off my money!

Here's my thoughts on EPF's idea to prevent me from withdrawing in full my retirement money:

1. Do you call the paltry 4-5% dividend just reward for our savings? Stop putting our money in the hands of SMAB and friends, and you may just make better yields.
2. EPF opined that they were protecting our interests since most contributors tended to spend all their money within 3 years. The point is that while insurance is guaranteed by Bank Negara, the EPF is not. Meaning is these ill meaning maggots misuse OUR money, it's our hides that take a beating, not theirs. Heck, my father waited till he was 55 to buy himself a house and now the EPF are telling us that this is no longer our prerogative?

I suggest that the people behind this idea be made to do just that with their EPF savings...