Retirement Age In Malaysia For Government Sector

In malaysia the congress of unions of employees in the public and civil services cuepacs wants the government to consider extending the retirement age for civil servants from 60 to 62 but the government has no immediate plan to extend it as the current retirement age is deemed as sufficient. For government servants the minimum retirement age was gradually raised from 55 to 56 in 2001 before increasing to 58 in 2008 and 60 in 2012. Before that they retired at 55.

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The act states that the minimum retirement age of an employee.

Retirement age in malaysia for government sector. This page provides malaysia retirement age men actual values historical data forecast chart statistics economic calendar and news. Retirement age men in malaysia averaged 58 18 from 2009 until 2019 reaching an all time high of 60 in 2013 and a record low of 55 in 2010. The 60 year old threshold for retirement in the private sector kicked in almost four years ago when the minimum retirement age act took effect.

The government s justification in enforcing a mandatory minimum retirement age are as follows. Retirement age men in malaysia remained unchanged at 60 in 2019 from 60 in 2018. An age before which employees cannot be terminated except with just cause and excuse.

The malaysian government will study the proposal to increase the retirement age from 60 to 65 as practised in several developed countries including singapore human resources minister m. There is a rise in the average life expectancy to 75 years and a growing ageing population currently at 7 8 and ex pected to attain 15 by 2030. The minimum retirement age act 2012 the act was gazetted on 16 august 2012 and was enforced on 1 july 2013.

In the private sector however the law provides for a minimum retirement age i e.