save malaysia!

No plans to increase retirement age

savemalaysia
Publish date: Fri, 15 Nov 2019, 09:50 AM

Reports by MARTIN CARVALHO, HEMANANTHANI SIVANANDAM and RAHIMY RAHIM

THERE is no plan to change the retirement age of 60 despite a recent proposal to increase it by five years.

Human Resources Minister M. Kulasegaran said the proposal to push it to 65 was suggested by the Malaysian Trade Union Congress.

“Based on the Minimum Retirement Age Act 2012, effective July 1,2013, on all employers in the private sector across the country, it states that the minimum retirement age of a worker is at 60.

“There is no need to increase it to 65 as the Act has set the minimum retirement age, ” he told Rusnah Aluai (PH-Tangga Batu) during Question Time.

 

https://www.thestar.com.my/news/nation/2019/11/14/no-plans-to-increase-retirement-age

Discussions
Be the first to like this. Showing 2 of 2 comments

speakup

please reduce retirement age to 57 to open up more jobs for young graduates!

2019-11-15 17:20

speakup

it is MORE IMPORTANT for youngsters to have jobs than 58 year olds!

2019-11-15 17:21

Post a Comment