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 Govt to study ‘retirement at 65’ proposal, otw to 200 years

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TSnelson969
post May 23 2025, 11:16 AM, updated 7 months ago

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https://www.thestar.com.my/news/nation/2025...-at-65-proposal

KUALA LUMPUR: The government will study the proposal to raise the retirement age to 65 before presenting it to the Cabinet, says Datuk Seri Anwar Ibrahim.

However, the Prime Minister said the matter has not been raised or discussed in Cabinet meetings.

“Let the ministry study the implications first,” he said, adding that the proposal involves various factors such as financial cost and the creation of new job opportunities.

“The idea deserves attention and consideration but let the relevant agencies discuss it first,” he said after launching Hadiah Bahasa Public Bank – Dewan Bahasa dan Pustaka (DBP) 2025 yesterday.


Recently, Minister in the Prime Minister’s Department (Law and Institutional Reforms) Datuk Seri Azalina Othman Said called on the government to consider raising the retirement age to 65, noting that many individuals at 60 remain healthy and productive.

She pointed out that judges retire at 65, with some Asean countries setting the limit at 70.

In Malaysia, the mandatory retirement age for civil servants is currently 60, which is also the minimum retirement age for private sector employees under the Minimum Retirement Age Act 2012.

When asked about the possible extension of the tenures of three senior judges, including Chief Justice Tun Tengku Maimun Tuan Mat, Anwar replied briefly: “We’re looking at it.”

On Tuesday, Tengku Maimun said she, along with Court of Appeal president Tan Sri Abang Iskandar Abang Hashim and Federal Court judge Tan Sri Nallini Pathmanathan, were still awaiting a decision on whether their tenures would be extended.

Meanwhile, Anwar said Malay­sians must not forget the importance of the national language, even as the country advances in development and technology.

He said a developed nation should not only focus on its economy but also value its national language, arts and culture.

“It would be a grave mistake if the Madani government pursued development without giving due importance to the national language.

“While we work hard to strengthen the country’s finances, we must not overlook a crucial element of nation-building, and having a strong command of our language and appreciating great works of knowledge,” he said.

Anwar also reminded the Education Ministry and the Higher Education Ministry of the importance of the national language, even as some advocate placing greater emphasis on ­foreign languages in education.

The well-known Hadiah Bahasa award has returned after 27 years, following a request from the Prime Minister last year.

Now organised by DBP and Public Bank, the award aims to encourage students and professionals to produce quality work in Bahasa Melayu.

First introduced in 1984 and last held in 1998, the award was established with support from Anwar, who was then patron of the Linguistic Society of Malaysia.
Zot
post May 23 2025, 11:26 AM

Look at all my stars!!
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Increase retirement age means that company cannot retire you before reaching retiring age unless you are willing to retire, right?

On positive side, company cannot get rid of you to hire new younger people for less pay.

The company have to bear consequences if aging worker become slow and less efficient. laugh.gif
30624770
post May 23 2025, 11:27 AM

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What is so surprising?

Most countries today already above 60
Phoenix_KL
post May 23 2025, 11:28 AM

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the real reason, no money to pay out pension and epf.

user posted image
abm
post May 23 2025, 11:29 AM

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What is the reason they want to do that? Because of man power shortage? Or because the people don’t have enough saving to retire? Or for some other reason?
TSnelson969
post May 23 2025, 11:32 AM

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QUOTE(30624770 @ May 23 2025, 11:27 AM)
What is so surprising?

Most countries today already above 60
*
because malaysia culture are like a bit france ( remember they riot after the mandatory increase retirement age ) , hedonism culture, tidak apa attitude culture and pleasure happy first, suffer later culture one , after covid many ppl dont want work beyond 50, say explore around the world and stick with family .
GagalLand
post May 23 2025, 11:32 AM

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Not bad

Should make it optional to retire at either 60 or 65
cms
post May 23 2025, 11:32 AM

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Duwan lah...better eat less than need to work almost until mampus
Srbn
post May 23 2025, 11:34 AM

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No money to pay pension and welfare for old people.
Better work till death
chuan88
post May 23 2025, 11:35 AM

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QUOTE(30624770 @ May 23 2025, 11:27 AM)
What is so surprising?

Most countries today already above 60
*
Not surprising, just think need to tahan old fart for some more years.

SUSfuzzy
post May 23 2025, 11:35 AM

*pew pew pew*
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https://www.bbc.com/news/articles/cvg71v533q6o

QUOTE
Denmark is set to have the highest retirement age in Europe after its parliament adopted a law raising it to 70 by 2040.

Since 2006, Denmark has tied the official retirement age to life expectancy and has revised it every five years. It is currently 67 but will rise to 68 in 2030 and to 69 in 2035.

The retirement age at 70 will apply to all people born after 31 December 1970.

The new law passed on Thursday with 81 votes for and 21 votes against.

However, last year Social Democrat Prime Minister Mette Frederiksen said the sliding scale principle would eventually be renegotiated.

"We no longer believe that the retirement age should be increased automatically," she said, adding that in her party's eyes "you can't just keep saying that people have to work a year longer".

Tommas Jensen, a 47-year-old roofer, told Danish media that the change was "unreasonable".

"We're working and working and working, but we can't keep going," he said.

He added that the situation may be different for those with desk jobs but that blue-collar workers with physically demanding professions would find the changes difficult.

"I've paid my taxes all my life. There should also be time to be with children and grandchildren," Mr Jensen told outlet DK.

Retiring in your 60s is becoming an impossible goal. Is 75 the new 65?
Protests backed by trade unions against the retirement age increase took place in Copenhagen over the last few weeks.

Ahead of Thursday's vote, Jesper Ettrup Rasmussen, the chairman of a Danish trade union confederation, said the proposal to increase the retirement age was "completely unfair".

"Denmark has a healthy economy and yet the EU's highest retirement age," he said.

"A higher retirement age means that [people will] lose the right to a dignified senior life."

Retirement ages around Europe vary. Many governments have raised the retirement age in recent years to reflect longer life expectancy and to tackle budget deficits.

In Sweden, the earliest age individuals can start to claim pension benefits is 63.

The standard pension age in Italy is 67, although as in the case of Denmark, this is also subject to adjustments based on life expectancy estimates and may increase in 2026.

In the UK, people born between 6 October, 1954 and 5 April, 1960 start receiving their pension at the age of 66. But for people born after this date, the state pension age will increase gradually.

And in France, a law was passed in 2023 that raised the retirement age from 62 to 64. The highly unpopular change sparked protests and riots and had to be pushed through parliament by President Emmanuel Macron without a vote.


You all want be like Denmark and Sweden right? So don't complain lo, you get what you vote for.
keyser soze
post May 23 2025, 11:36 AM

On my way
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because the strawberry generation tak boleh pakai.
soul78
post May 23 2025, 11:37 AM

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when 65 comes, will study proposal for 75
TSnelson969
post May 23 2025, 11:38 AM

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QUOTE(abm @ May 23 2025, 11:29 AM)
What is the reason they want to do that? Because of man power shortage? Or because the people don’t have enough saving to retire? Or for some other reason?
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our competitor , neighbor country Singapore, raise to 64 / 69

our idol japan , 65 but normally can go up to 70-80 , they are know for 24/7 black company work culture

our another idol , arab , 65 also

our big brother china, for male 60-63 , for women, it will increase from 55 to 58 for cadres and from 50 to 55 for blue-collar workers

macam mana malaysia ? still 60 ?

malaysia must chase at least to our competitor and neighbor country
ps3 fanboy
post May 23 2025, 11:39 AM

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azam baki till 65
KenM
post May 23 2025, 11:39 AM

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QUOTE(abm @ May 23 2025, 10:29 AM)
What is the reason they want to do that? Because of man power shortage? Or because the people don’t have enough saving to retire? Or for some other reason?
*
that’s why need to study…
it’s like taken everyone by surprise that there’s a request to extend retirement!!..
for empteen years..60 has been accepted, suddenly 65 becomes the norm..
TSnelson969
post May 23 2025, 11:40 AM

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QUOTE(fuzzy @ May 23 2025, 11:35 AM)
https://www.bbc.com/news/articles/cvg71v533q6o
You all want be like Denmark and Sweden right? So don't complain lo, you get what you vote for.
*
but malaysia idol are japan (65) , korea ( 60 for now but ongoing discussion like us ) , arab (65) , china ( 55-63 , depend gender and job )

and our competitor / neighbor country , 64/69 !

dont know m7 why they use denmark and sweden ? love ikea too much ?
vandar59
post May 23 2025, 11:42 AM

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what about "forced" retirement for politicians above that age?
jojolicia
post May 23 2025, 11:43 AM

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Ceiling permissible.

Why all so worked up here? Nobody is stopping you to decide (earlier) for yourself.

Did I miss out any other implications as a result to raising this ceiling permissible to 65?

This post has been edited by jojolicia: May 23 2025, 11:44 AM
Irzani
post May 23 2025, 11:44 AM

Just you know why .. why u and i ...
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From: OSINT

The issue is not with mid and low-level workers; they can still perform well at that age.

The main problem lies with top-level employees. Many of them misuse their positions and micromanage, similar to the behaviors observed in baby boomers. Extending their tenure by five years would only create inconveniences for everyone involved.

Bosses should resign at 60 years old. They already well fed with all the benefits and higher salaries.

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