Are Malaysian going to work longer?

The EPF is hoping the retirement age will be extended from current 55 to 60 in the coming budget announced by its chief executive officer, Tan Sri Azlan Zainol. He hopes for 58, if not 60, as the retirement age.

Meaning Malaysian have to work longer before being able to be retired and enjoy their golden age years.

This will benefit to those lower income group or for those do not saved enough before retired. Five more years of income will help a lot.

In fact, current retire age of 55 is too early for Malaysian to retire nowaday. As most of them still able contribute to society and able to handle their job well or still needed by the company for their experience.

If this is one of the item in the budget, it will bring a huge relieve to a lot of people who are nearing retiring age. These will also help EPF to generate more contribution, as these workforce will contribute more than the new comers.

Hope this suggestion will be materialized.