Retirement Age In Malaysia For Government Sector

As such it is possible for employers to set a retirement age that is higher than 60.

Retirement age in malaysia for government sector. Age profile of the population has come through a number of factors declining fertility coupled with longer and healthi er life spans and is occurring at a faster rate than heretofore has happened. What is the minimum retirement age in malaysia. Read more starting a career after retirement in public sector obtaining assistance facilities for retired civil servants military personnel information relating to the assistance and facilities for retired civil servants. 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.

The move to increase malaysia s official retirement age to 60 for the private sector some four years ago was seen as timely and in line with the retirement trend in the other countries within the region. 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. In singapore for instance the minimum retirement age according to the retirement and re employment act is 62 years. After serving the government for a minimum of 10 years one can go for early retirement which is at the age of 40.

The retirement age in malaysia is 60 years for employees in the public sector. 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. This is a compulsory retirement policy and there is no way to work beyond this age. Retirement age men in malaysia remained unchanged at 60 in 2019 from 60 in 2018.

Under section 4 of the mraa 2012 the minimum retirement age of an employee shall be upon the employee attaining the age of 60. This page provides malaysia retirement age men actual values historical data forecast chart statistics economic calendar and news. Here let us assume that the aspirant of the central government job is a person who is 28 years of age. Given this fact the retirement age rule states that the person will have to retire after serving for 32 years because after 32 years he or she will attain the age of 60.

This is a minimum retirement age and not a fixed retirement age. 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.