Growing pensions will ruin Malaysia, says Zaid

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Growing pensions will ruin Malaysia, says Zaid
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Former minister urges Putrajaya to convince the public that it has no choice but to look for an alternative civil service employment scheme. FMTNews

Zaid Ibrahim says the issue of civil service pensions and emoluments can become a political hot potato for the government.

He said Putrajaya would have to convince the public that the government did not have the money to continue paying out pensions and that any replacement scheme it would decide on had been thoroughly considered. “If we continue to shy away from dealing with chronic problems,” he said, “the damage will be irreparable.”

But Ramon Navaratnam, an economist and a former secretary-general of the transport ministry, said the government shouldn’t wait for a royal commission’s study to make a decision.

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