wah ini crazy, 75 , just ngam ngam last year for epf contribution stop support by employer if happen here

Everyone also say want to retire but in reality most can't afford to retire early lah

companies will make it difficult for old ppl and indirectly force them to leave...

Companies can do restructuring and remove roles deemed no longer required to get rid of headcounts.

every 60+ wan to hold and create legacy --- apart of continue receiving cash paidout, benefits and the most is to put the capable people (younger gen) out of the league... sad but true...

So that EPF will have more money and so that gomen no need to pay pension so early.

The only impact to private employees is when they can withdraw EPF. Don't worry about working until 60, most private employees will self resign before that.

It means another 5 years of free health insurance for the oldfags. Cukur.

Not so simple lah. Companies need to bear the extra cost for firing people during restructuring. It is not free because that's what Labour laws demand.

Old people can retaliate by simply not performing, and just wait out the 5 years. Unlike young people who need to prove themselves in order to get career advancement, old people are just waiting to collect paycheck before the inevitable retirement, there is no need to prove themselves. In the long run, companies will suffer because they only have the options to continue to pay salary for low performing staff, or retrench and pay for the retrenchment fee to get rid of them earlier.

For those still under pension, retirement early is a plus. That's why currently many civil servants object to longer retirement age.

work until die

I guess government need to maintain the GDP growth or increase the productivity.

Basically need the T15 to work longer to pay more taxes so that government can continually fuel the B40 and increase the government servants’ salaries

Not to forget the debt is also ballooning. Simply cannot afford the recession

Yup.

Lazy dumb gen z

Not really. Even now with retiring age of 60, you can withdraw your EPF at 55 also. The one above 55 is separated into another account which can't be withdrawn as yet. I think. So, if 65, the 55 I think will still be there.

For now yes.

Thing is they do it step by step.
First raise the retirement age.
Then raise the withdrawal age. Not that this never happen before if i remember correctly.

for now what u saw is like this but u never know what their ultimate plan is

of all the things we're competing with SG, this is the one we want to compete and very determine to "win"

Not enuff money in epf to pay.

Gov don't have pension money?

But the older the employee the higher their pay and the lower their efficiency.

Ageism is very real in Malaysia and there is no protection for it as compared to western countries.

My china MNC now, the moment you hit 35/40 they sudah ask you to retire so fresh budak can come in replace you.