PM: No need to increase retirement age to 65
Prime Minister Tun Dr Mahathir Mohamad said retiring at 60 is good enough. — Bernama pic
He agreed with Youth and Sports Minister Syed Saddiq Syed Abdul Rahman’s view to retain the current retirement age so as not to block employment opportunities for the younger generation. “If we are to set the retirement age at 65, the deadwood will be sitting on their chairs and others will not be able to sit there .
Dr Mahathir said there were nations that did not impose a mandatory retirement age, and employees there could work as long as they liked, but that only meant that they were denying opportunities for the younger generation.
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