The Malaysian Employers Federation says a re-employment scheme similar to Singapore's might be useful. FMTNews
The government says it is not in favour of raising the retirement age from 60 to 65.
MEF executive director Shamsuddin Bardann said that in more physically demanding jobs such as working on heavy industry and construction sites, the risk of sustaining injuries was higher.“We are thankful for the prime minister’s understanding of the issues faced by employers.Dr Mahathir Mohamad had said earlier this week that there was no need to increase the mandatory retirement age from 60 to 65.
“If a person withdraws money before reaching the statutory retirement age of 60, it will impact on the amount of savings he will eventually have,” he said. This scheme is something that a former teacher, who wished to be known only as Ron, said Putrajaya should consider. “I want to spend my idle time working so I can earn money to travel and also to buy things for my grandchildren,” she said.
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