Azalina urges govt to study raising retirement age to 65

Azalina urges govt to study raising retirement age to 65

Law and institutional reform minister Azalina Othman Said says many people remain active and capable well into their 60s.

Law and institutional reform minister Azalina Othman Said said ‘it would be a waste’ if Malaysians retire at 60.
PUTRAJAYA:
Law and institutional reform minister Azalina Othman Said has proposed that the government study extending the retirement age to 65, saying many people remain active and capable well into their 60s.

She said this was her personal opinion based on her observation and current social trends.

“Some of the officers we met are still very young, very active, even though they are already 60 years old.

“It would be a waste (to let them go). They can still do the work,” she said after presenting excellent service and retirement awards to staff at a ceremony held at a hotel here today.

She said the number of Malaysians aged over 60 is increasing, and many of them still appear youthful and energetic.

Last year, it was reported that Malaysians aged 60 and above made up 11.1% of the population, and the ratio is expected to rise to 15% in 2030, making the country an ageing nation.

In 2014, Malaysia raised the retirement age to 60 for both the public and private sectors, up from 58 and 55, respectively. The move aimed to provide financial support for the elderly while promoting healthy, active ageing.

Drawing comparisons with other professions and countries, Azalina pointed out that judges in Malaysia retire at 65, with a possible extension of six months.

“And when I meet (representatives from) other Asean members, they told me their judges retire at 70,” she said.

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