Latest news with #MarianaFrancescaMazzucato
The Star
07-08-2025
- Business
- The Star
Longer careers for civil servants?
PUTRAJAYA: A study on raising the retirement age for civil servants from 60 to 65 will be done by the Public Service Department (PSD), says Tan Sri Shamsul Azri Abu Bakar (pic). The Chief Secretary to the Government said an in-depth study of the proposal is necessary before any decision is made. 'There has been no study on the proposal so far. So, the PSD will conduct one first,' he told reporters after attending a lecture titled 'State Capacity and Directed Growth: A Mission-Oriented Approach' by renowned economist Prof Mariana Francesca Mazzucato here today, Bernama reported. On July 31, Prime Minister Datuk Seri Anwar Ibrahim announced that the retirement age policy would be reviewed in line with Malaysia's demographic shift towards an ageing nation. The proposal is part of the ninth strategic thrust of the 13th Malaysia Plan (13MP), which focuses on advancing social justice and equal opportunities for all citizens. Anwar added that various factors, including financial implications and job market dynamics, would be considered before a final decision is made. In May, Minister in the Prime Minister's Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said proposed that the government consider increasing the retirement age for civil servants. She argued that it was a loss to force capable individuals to retire at 60 when many are still active, productive and able to contribute meaningfully to the workforce. Currently, the mandatory retirement age for civil servants in Malaysia is 60, which also serves as the minimum retirement age for private sector workers under the Minimum Retirement Age Act 2012.
The Star
06-08-2025
- Business
- The Star
Govt studying proposal to raise mandatory retirement age to 65
PUTRAJAYA: The Public Service Department (PSD) will study the proposal to raise the mandatory retirement age for civil servants from 60 to 65. According to Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar, an in-depth study of the proposal is necessary before any decision can be made. "There has been no study on the proposal so far. So, the PSD will conduct one first," he told reporters after attending a lecture titled 'State Capacity and Directed Growth: A Mission-Oriented Approach' by renowned economist Prof Mariana Francesca Mazzucato, here on Wednesday (Aug 6). On July 31, Prime Minister Datuk Seri Anwar Ibrahim, when tabling the 13th Malaysia Plan (13MP) in Parliament, announced that the retirement age policy would be reviewed in line with Malaysia's demographic shift toward an ageing nation. The initiative is part of the ninth strategic thrust of 13MP, which focuses on advancing social justice and equal opportunities for all citizens. Anwar had stated that various factors, including financial implications and job market dynamics, must be considered before making a final decision on the matter. The current mandatory retirement age for civil servants in Malaysia is 60, which also serves as the minimum retirement age for private sector workers under the Minimum Retirement Age Act 2012. – Bernama
Malay Mail
06-08-2025
- Business
- Malay Mail
Retirement at 65? Govt to weigh ageing nation needs, financial impact, says chief secretary
PUTRAJAYA, Aug 6 — The Public Service Department (PSD) will conduct a study on the proposal to raise the mandatory retirement age for civil servants from 60 to 65. According to Chief Secretary to the Government (KSN) Tan Sri Shamsul Azri Abu Bakar, an in-depth study of the proposal is indeed necessary before any decision can be made. 'There has been no study on the proposal so far. So, the PSD will conduct one first,' he told reporters after attending a lecture titled 'State Capacity and Directed Growth: A Mission-Oriented Approach' by renowned economist Prof Mariana Francesca Mazzucato, here today. On July 31, Prime Minister Datuk Seri Anwar Ibrahim, when tabling the 13th Malaysia Plan (13MP) in Parliament, announced that the retirement age policy would be reviewed in line with Malaysia's demographic shift toward an ageing nation. The initiative is part of the ninth strategic thrust of 13MP, which focuses on advancing social justice and equal opportunities for all citizens. Anwar previously stated that various factors, including financial implications and job market dynamics, must be considered before making a final decision on the matter. In May, Minister in the Prime Minister's Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said proposed that the government consider increasing the retirement age, arguing that it was a loss to force capable individuals to retire at 60 when many remain active, productive, and able to contribute meaningfully to the workforce. Currently, the mandatory retirement age for civil servants in Malaysia is 60, which also serves as the minimum retirement age for private sector workers under the Minimum Retirement Age Act 2012. — Bernama
The Sun
06-08-2025
- Business
- The Sun
PSD to study raising civil service retirement age to 65
PUTRAJAYA: The Public Service Department (PSD) will conduct a study on the proposal to raise the mandatory retirement age for civil servants from 60 to 65. According to Chief Secretary to the Government (KSN) Tan Sri Shamsul Azri Abu Bakar, an in-depth study of the proposal is indeed necessary before any decision can be made. 'There has been no study on the proposal so far. So, the PSD will conduct one first,' he told reporters after attending a lecture titled 'State Capacity and Directed Growth: A Mission-Oriented Approach' by renowned economist Prof Mariana Francesca Mazzucato, here today. On July 31, Prime Minister Datuk Seri Anwar Ibrahim, when tabling the 13th Malaysia Plan (13MP) in Parliament, announced that the retirement age policy would be reviewed in line with Malaysia's demographic shift toward an ageing nation. The initiative is part of the ninth strategic thrust of 13MP, which focuses on advancing social justice and equal opportunities for all citizens. Anwar previously stated that various factors, including financial implications and job market dynamics, must be considered before making a final decision on the matter. In May, Minister in the Prime Minister's Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said proposed that the government consider increasing the retirement age, arguing that it was a loss to force capable individuals to retire at 60 when many remain active, productive, and able to contribute meaningfully to the workforce. Currently, the mandatory retirement age for civil servants in Malaysia is 60, which also serves as the minimum retirement age for private sector workers under the Minimum Retirement Age Act 2012. - Bernama
