Govt studying proposal to raise mandatory retirement age to 65

The Star

The Public Service Department will study the proposal to raise the mandatory retirement age for civil servants from 60 to 65.  According to Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar, an in-depth study of the proposal is necessary before any decision can be made.  Read more at https://tinyurl.com/y7yscv4n  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

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00:00After attending a lecture by renowned economist Professor Mariana Francesca Mazzucato on Wednesday,

00:07Chief Secretary to the Government, Tansri Shamsul Azri Abubakar told the media that the

00:12Public Service Department will study a proposal to raise the mandatory retirement age for

00:16civil servants from 60 to 65. Shamsul Azri said an in-depth study is necessary before

00:22any decision can be made. He said there had been no study on the proposal so far

00:26and the department will need conduct such a study first. When tabling the 13th Malaysia

00:31Plan in Parliament last week, Prime Minister Datuk Sri Anwar Ibrahim announced that the

00:36retirement age policy will be reviewed in line with Malaysia's demographic shift toward an

00:41aging nation. He said the initiative is part of the ninth strategic thrust of the plan,

00:47which focuses on advancing social justice and equal opportunities for all citizens. He said

00:52various factors, including financial implications and job market dynamics, must be considered

00:57before making a decision on the matter. The current mandatory retirement age for civil servants

01:02in Malaysia is 60, which also serves as the minimum retirement age for private sector workers.

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