I am 27 years old. I know a private company where the finance officer usually dissuades employees from having an EPF account. He says that he has audited their work and knows how they function. He also says that there is a good chance that you may not get anything back after all when you need it. A few people I have discussed this with, also said that the government does not have the money to pay out. Is there a grain of truth in this? Should one keep away from EPF because of this reason? What are the alternatives if a person does not wish to go for EPF?