higher official retirement age is less relevant to private staff as they can still retire early if they wanted to.

It's civil servants that are more affected, if they don't work until the set retirement age, they may get lower entitlement to their govt pension scheme.

Yea, i personally know one retiree whos some sort of state representative for whatever the heck, is drawing close to 5k only for pencen.

And he’s not your average govermental servant ya.. he has drivers, and a shitload of very “official” looking benefits such as authorized to officiate shits, have state owned cars and the shebangs.

He just told me that most of his prior $ comes from additional allowances thats not part of pencen calculations, and his base salary is ciput, says i can just google his salary scale for his grade and I’ll understand. But of course i couldn’t be bothered and he got no point in lying to me anyway

What gov role can get 7k+ monthly pencen? Most I know are way below that
7k+ pencen is drawing like >20k month previously...

What gov role can get 7k+ monthly pencen? Most I know are way below that
7k+ pencen is drawing like >20k month previously...

Yeah I'm against 65 retirement age because I don't want to have any retirement age. I want to work continuously.

Yea, i personally know one retiree whos some sort of state representative for whatever the heck, is drawing close to 5k only for pencen.

And he’s not your average govermental servant ya.. he has drivers, and a shitload of very “official” looking benefits such as authorized to officiate shits, have state owned cars and the shebangs.

He just told me that most of his prior $ comes from additional allowances thats not part of pencen calculations, and his base salary is ciput, says i can just google his salary scale for his grade and I’ll understand. But of course i couldn’t be bothered and he got no point in lying to me anyway

From the previous thread, it seems like lot of ktards under the impression that you are forced to work until retirement, cannot decide to retire before 65.

Malaysians are just lazy. many people want early retirement at age 40-50.

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If the full EPF Withdrawal age is also increased to 65, the option to retire before 65 would be limited, eg opt to retire at 50..
.

i kinda more concern if this age affect the epf withdrawal or just purely working age,
as a SG fren once said, gov keep pushing the age to withdraw retirement fund, even u
have millions in epf, dunno u got the life to use it or not.

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If the full EPF Withdrawal age is also increased to 65, the option to retire before 65 would be limited, eg opt to retire at 50..
.

My prediction

The retirement age will probably increase from 62 to 65

No more options to withdraw everything except a small amount

Balance will be monthly withdrawal until 75 to 80

Before implementing officially, they will give a window first for the workforce and EPF contributors to 'adjust' themselves. We can do the necessary then during this time before full implementation.

Before implementing officially, they will give a window first for the workforce and EPF contributors to 'adjust' themselves. We can do the necessary then during this time before full implementation.

You don't know how government pension works / calculated. 

well you are denying youngster their employment post and their career growth because the oldfag still holding down the decision maker post. also productivity out of windows because this oldfag dont have energy to work for long and need to go for their routine treatment (e.g dialysis, physiotherapy, wound cleaning) due to their chronic illness.