By FLORENCE A. SAMY
PETALING JAYA: The retirement age for civil servants should be increased from 58 to 60 without delay since it is long overdue, says Cuepacs.
In pressing for a quick decision, its president Omar Osman said Malaysia was currently lagging behind neighbouring countries whose retirement age ranges from 60 to 62.
The Government, he added, should follow in the footsteps of the local banking industry, which recently agreed to raise the retirement age of its employees.
“We have been asking for many years for the retirement age to be raised to 60 and have even submitted a memorandum on the matter.
“We hope the Government increases the retirement age soon as it is long overdue. Raising it to 60 will also make us more in line with the practices of neighbouring countries including Brunei, Singapore, Thailand and Indonesia,” he told The Star.
The retirement age for Thailand, Brunei and Indonesia is 60.
In Singapore, the retirement age is set at 62. However, come 2012, employers would be obligated to re-employ workers aged between 62 and 65, and later 67 and beyond.
Omar said Malaysians could still productively contribute to the country’s economy even if the retirement age was raised to 60.
“They are still active and capable of carrying out their job well. The extra income is also very useful as some still have school-going children to support and need the money to survive,” he added.
Malaysia’s retirement age was last raised in 2008 when it was increased from 56 to 58.