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 »
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 »
Prof Tommy Koh’s article in the Straits Times (7 Jan) Reading Malaysia’s DPM’s tribute to retired servicemen in The Star (30 Jan) reminds me of an article Singapore’s Ambassador-at-Large, Professor Tommy Koh, 74, wrote in the Straits Times recently. In the article, Prof Koh argued the case for paying re-employed older workers a fair salary
IN PRAISE OF OLDER WORKERS Read More »
At long last, the government has agreed to raise the retirement age. But it will take many more months of waiting before we can pop the champagne bottle. The new retirement age has yet to be fixed, and the Bill has yet to be debated in Parliament. Still, it’s heartening news. However, not everyone is
NOT READY TO BE PUT OUT TO PASTURE Read More »
The Sunday Star: 24 April 2011 The letter above highlights the predicament many Malaysians face upon reaching their 55th birthday. They start to worry about their impending retirement. While there may be some who eagerly await their last day at work so they can be boss of their own time, there are others who dread
NOT QUITE READY TO RETIRE Read More »
The world is ageing. This shouldn’t come as a surprise, with birth rates falling and life span increasing in countries across the globe. By 2018, there will be more 65-year-olds than those under 5. Think for a minute the profound changes an ageing population will have on the economy, for example. With the exception of a few, most countries don’t seem terribly alarmed
CAN WE AFFORD TO RETIRE? Read More »
