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 Age 65 the new retirement meta, by National union of bank employees

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SUSEfalex
post May 27 2025, 01:54 PM

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TNS....Sudden Extra Time....
SUSEfalex
post May 27 2025, 03:51 PM

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QUOTE(gobiomani @ May 27 2025, 02:16 PM)
No one is stopping you from retiring earlier. You can quit your job anytime, even now, just write the goodbye letter and give it to HR.
The ones that will be most affected are the civil servants under the pension scheme who will not get to enjoy their pensions if they leave earlier.
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So desu ka.....this is the real Government intention...to stop pension scheme and switch to KWAP.
SUSEfalex
post May 27 2025, 04:23 PM

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QUOTE(gobiomani @ May 27 2025, 04:13 PM)
KWAP is pension scheme. They are now switching to KWSP so government no need to pay pension until you or your spouse die.
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Hence cost cutting. With retirement age set at 65, new government servant will most probably choose KWAP over the old pension scheme...hence save money on the government part

 

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