
Govt to study retirement age extension carefully, says Dr Zaliha
KUALA LUMPUR (Aug 18): The study on the proposal to raise the mandatory retirement age to 65 years for civil servants and the private sector will be conducted comprehensively and not in haste, said Minister in civil servants the Prime Minister's Department (Federal Territories) Datuk Seri Dr Zaliha Mustafa.
She said the study under the National Ageing Framework would take into account various aspects including health, productivity, promotion opportunities for younger officers as well as the country's financial capability in the short and long term.
'The Public Service Department (PSD) is not rushing into this matter and is carrying out a thorough study.
'In discussions with the Congress of Unions of Employees in the Public and Civil Services (CUEPACS), several aspects are still being examined including the need for phased implementation, giving civil servants the option of early retirement, as well as health and psychometric assessments for those wishing to serve until the age of 65,' she said.
Dr Zaliha said this when winding up debate on the 13th Malaysia Plan (13MP) in the Dewan Rakyat today.
She said until the study is finalised, the mandatory retirement age remains at 60 as provided under the Pensions Act 1980 (Act 227) and the Statutory and Local Authorities Pensions Act 1980 (Act 239).
As for measures to assist the elderly, whose numbers are projected to reach 17.3 per cent of the population by 2040, Dr Zaliha said her ministry through the Kuala Lumpur Structure Plan (PSKL) 2040 and the Kuala Lumpur Local Plan (PTKL) 2040 has proposed various elderly-friendly housing concepts.
These include retirement homes, medical-assisted housing, and retirement villages with eight sites for Subsidised Public Rental Housing (PASS) already identified, including two in Bukit Bintang, to be offered to the underprivileged including senior citizens.
In addition, she said Kuala Lumpur currently has 24.64 kilometres of covered pedestrian walkways connected to public transport, and this network will continue to be strengthened in line with the PTKL 2040 goal of making Kuala Lumpur a city of efficient mobility and environmentally friendly. – Bernama civil servants Dr Zaliha Mustafa extend retirement age private sector
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

The Star
2 hours ago
- The Star
Charting the sustainable fiscal and economic agenda
Prime Minister Datuk Seri Anwar Ibrahim. PETALING JAYA: The government's priority will continue to be placed on addressing leakages and enhancing efficiency through measures such as the phased implementation of the e-invoicing system moving forward. The Fiscal Policy Committee (FPC) stated that these efforts underscored the government's resolve to build a fairer, more resilient and sustainable fiscal framework that supports long-term economic growth and the well-being of the rakyat. The FPC convened yesterday to provide a comprehensive review of Malaysia's current economic developments, assess key external and domestic challenges, as well as analyse short and medium-term fiscal projections as outlined in the Public Finance and Fiscal Responsibility Act 2023 (FRA). Prime Minister Datuk Seri Anwar Ibrahim, who chaired the meeting, stressed that the role of the FPC in shaping a balanced path between fiscal sustainability and economic growth is central to the government's commitment to sound fiscal governance, ensuring that the needs of the rakyat and businesses are met without compromising long-term stability. He also noted that as the Madani government embarks on the 13th Malaysia Plan, fiscal space must be optimised to deliver public investments that materially transform the economy (Raise the Ceiling) and improve the rakyat's quality of life (Raise the Floor). 'The Madani government remains committed to pursuing fiscal sustainability while ensuring that growth momentum is preserved, particularly in light of current global developments. 'The Malaysian economy has continued to demonstrate resilience, expanding by 4.4% in the first half of 2025, while the unemployment rate eased to a decade low of 3%. In 2025, Malaysia's economy is expected to grow between 4% and 4.8%, underpinned by strong domestic demand, moderate inflation, and a stable labour market,' he said in a statement yesterday. Anwar noted these outcomes were realised in tandem with the government's fiscal consolidation efforts, with the successful reduction of the fiscal deficit from 5.5% of gross domestic product in 2022 to 4.1% in 2024. 'The FPC meeting today reaffirmed the government's commitment to reducing the 3.8% fiscal deficit target for 2025 and subsequently achieving a deficit of 3% or below in the medium term,' he added.


New Straits Times
6 hours ago
- New Straits Times
Anwar: Government prioritises fiscal discipline for sustainable economy
KUALA LUMPUR: The country's financial management must be carried out prudently and with discipline, in line with the spirit of the Public Finance and Fiscal Responsibility Act 2023 (FRA), said Prime Minister Datuk Seri Anwar Ibrahim. He stressed this while chairing the Fiscal Policy Committee (FPC) meeting, which is an important platform for drafting clear fiscal policies and setting the direction of the country's economy. He said the Madani Government needs to continue to find a balance between efforts to maintain the momentum of economic growth and ensuring the country's fiscal position remains sustainable, especially in the volatile global economic environment. "Although the world is still grappling with uncertainty, the national economy remains strong with a growth rate of 4.4 per cent for the first half of 2025. "The unemployment rate has also dropped to three per cent, the lowest in 10 years," the prime minister said in a post on his Facebook page. He added that the government has successfully reduced the fiscal deficit from 5.5 per cent in 2022 to 4.1 per cent of Gross Domestic Product (GDP) in 2024, an achievement that demonstrates its commitment to responsible fiscal management. Meanwhile, in a separate statement following the FPC meeting today, the Finance Ministry said as the Madani Government embarks on the 13th Malaysia Plan, fiscal space must be optimised to deliver public investments that materially transform the economy (Raise the Ceiling) and improve the rakyat's quality of life (Raise the Floor). In 2025, Malaysia's economy is expected to grow between 4.0 per cent and 4.8 per cent, underpinned by strong domestic demand, moderate inflation and a stable labour market. "The FPC meeting today reaffirmed the government's commitment to reducing the 3.8 per cent fiscal deficit target for 2025 and subsequently achieving a deficit of three per cent or below in the medium term, in line with the FRA commitment," said Anwar, who is also the finance minister. The session also serves as an important step in setting the government's fiscal trajectory ahead of the forthcoming Budget 2026, scheduled to be tabled on Oct 10. Under the provisions of the FRA, the ministry said the Madani Government is undertaking the Medium-Term Revenue Strategy (MTRS) to broaden the revenue base and establish a more progressive tax system, while strengthening compliance with international best practices. "Moving forward, priority will be placed on addressing leakages and enhancing efficiency through measures such as the phased implementation of the e-invoicing system. "These efforts underscore the government's resolve to build a fairer, more resilient and sustainable fiscal framework that supports long-term economic growth and the well-being of the people," said the ministry. – BERNAMA


The Sun
7 hours ago
- The Sun
Malaysia rules out single regulator for rare earth industry
KUALA LUMPUR: The Ministry of Natural Resources and Environmental Sustainability has ruled out establishing a single entity to regulate Malaysia's rare earth elements industry. Acting Minister Datuk Seri Johari Abdul Ghani cited constitutional provisions and objections from state governments as key reasons for this decision. Several states had raised concerns during engagement sessions, viewing the proposal as an attempt to nationalise state-owned mineral resources. 'Petroleum resources outside state waters are managed differently from land matters, which fall under state jurisdiction,' he told the Dewan Rakyat when winding up the 13th Malaysia Plan debate for his ministry today. He cited the Federal Constitution's Ninth Schedule (State List), which gives states authority over mining permits, leases and licences. Johari also dismissed claims that Malaysia had offered to supply REE, raw or otherwise, exclusively to the United States as leverage in trade tariff talks. 'This was already clarified by the Investment, Trade and Industry Minister (Tengku Datuk Seri Zafrul Abdul Aziz) on Aug 7. The tariff discussions did not involve any commitment to supply REE,' he said. On negotiations with China, Johari said discussions are currently focused on strengthening bilateral cooperation to develop Malaysia's REE industry across the full value chain, including the setting up of processing plants. 'It's still early and China wants to see if our REE can be converted into the downstream products they need. No formal talks are underway regarding any buyback of processed REE,' he said. – Bernama