Population of Malaysia 32 million Serving Civil servant 1.7 million Govt pensioner 812K
That is to say 2.5 million to be fed by number of workers excluding 2.5m (Govt servant + pensioner), less those students (10m), less those above 60 years old non govt pensioner (2.6m) = 16.9m
That is to say, for every 6.76 able-body irrespective whether they are working or not, have to support 1 serving govt officer or pensioner.
If you minus those drug addicts, those serving jail sentences, those OKU, those housewives, and those voluntarily unemployed, working population may be even much less.
If you want add to those retirees (above 60 years old and non govt pensioners) about 2.6 million, very likely for every worker (excluding civil servants), he would have to feed more than 3 people excluding himself.
So, it is wise not to depend on your children for financial assistance when you are old. Just let them struggle to feed themselves and their family............
“We are paying pension to wives and children [of deceased retired civil servants] …We want to continue [paying pensions], but we have to find a way that the government can afford and government officers don’t lose out,” Prime Minister Tun Dr Mahathir Mohamad told reporters in Kyoto.
LOL, stupid fellow this Prime Minister. Being a doctor himself, he should know that gangrened limb's infection spread into bloodstream must be amputated instead of nursing, otherwise, it's fatal. Wonder if he is really a qualified medical doctor. Perhaps, just scraped through.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
TECHfullyBREWED
125 posts
Posted by TECHfullyBREWED > 2019-09-22 09:51 | Report Abuse
It would be a masterstroke for PH govt. if they are able to restructure the pensions scheme for elected representatives.