PM Tun Mahathir, 93, has jokingly said the new retirement age in Malaysia will be 95 in 2020 when he hands over his premiership to Datuk Seri Anwar Ibrahim. He may have said it in jest but at the rate our demographics are changing, Malaysia will reach ageing nation status by 2030, and we will […]
THE NEED TO KEEP RAISING THE RETIREMENT AGE Read More »
Who can afford to retire these days? With the high cost of living, the slowdown in the economy and the depreciation of the ringgit, our retirement savings will be depleted long before we are gone. It’s time for a Plan B, C or D to supplement our retirement funds. It’s either back to work, start
OLDER WORKERS CAN MAKE A DIFFERENCE Read More »
Still active and able to carry on working at 60+. (Front page article of New Straits Times Dec 8, 2012) So it’s confirmed. The Minimum Retirement Age 2012 Act comes into effect on July 1, 2013. Under this Act which was passed in August last year, it is mandatory for employers in the private sector to
TO WORK TILL 60 OR RETIRE EARLY? YOU DECIDE Read More »
Front page of the Malay Mail today (14 June 2012) A bit too late for me, but good news for those about to reach the current retirement age of 55 for the private sector. An extra five years can mean additional money for our golden nest. With the ever spiraling cost of living eating into
AN EXTRA FIVE YEARS TO GROW OUR GOLDEN NEST EGG Read More »
Congratulations to Lam Soon Edible Oils Sdn Bhd for winning the 2011 AARP international award for Best Employer for Workers Over 50. It is the only Malaysian company to win in this category. Other winners include BMW Group (Germany), Daikin (Japan), and Marks and Spencer (UK). There are two winners from Singapore: Raffles Institution and
COMPANIES THAT VALUE OLDER WORKERS Read More »
The Sunday Times editorial 17 July Going by the editorial in The Sunday Times today, the answer is “Much less after 62”. That’s the official retirement age in Singapore. Come January 2012 when a new law on re-employment of older workers takes effect, employers will have to rehire older workers till they reach 65, with
WHAT IS AN OLDER WORKER WORTH? Read More »
