58 Is The New Retirement Age
By Zul • May 11th, 2008 • Category: All Things Malaysia •
58 years old is now the new retirement age for the employees in publics service, extended 2 years from the current 56. The change will take effect beginning on 1 July 2008.
The new regulation also will give option for those who have reached 56 years old to opt for retirement, or continue until 58. While 58 is 2 years short from the earlier 60 demanded by Cuepacs (Kesatuan Pekerja Pekerja Dalam Perkhidmatan Awam), Cuepacs has expressed satisfaction over the decision.
On another note, the efficiency level assessment or better known as PTK (Penilaian Tahap kecekapan) will not be totally abolished, but only the written test for Grade 1 to Grade 16 officers will be discontinued. The PTK test will undergo a comprehensive review and improvement will be made as to reflect the real quality of the civil servants.
Also, effective on 1 January 2009, the pension calculation for its recipients would be based on maximum 30 years of service, compared to the current 25 years.
According to Pak Lah, the decision for the government to raise the new retirement age would not affect the employment opportunities for fresh graduates. Is that so Mr PM?
Other posts you may want to read:
dear sir the representive for public servants i would like to bring to your attention in mas{malaysia airlines}for the past 50yrs we depend on foreigners even today mas is depending on foreigners the reason the locals are denied their rights why local malaysian licenced aircraft engineers retire at 55yrs whereas the foreigners or expacts retire at 62yrs we have a massive brain drain for the past 20yrs the reason is early retirement whereas other countries eg singapore retirement age is 62yrs,arab countries 65yrs,australia 65yrs, our senior boys have gone there and performing excelent job we in mas are lost especially the engineers we do not know who can assist us in our retirement age extented to 60yrs our union boys are not professionals they are not technical boys to know the details now and then mas management team go around the world seeking for engineers when we have them at home give us the locals a chance please check my mail we need some one to interven to arrest the shortage of aircraft engineers in mas we are loosing in millions to the expacts and foreigners every year why cant we engineers demand and explaination because we were with the company during thin and thick now we want some appreciation from the company appreciate your efford in ensuring and securing retirement age till58yrs for public servants keep it up rgds.
[Reply]