MALAYSIAN HR DEPARTMENTS TO FACE MORE EMPLOYEES BEYOND RETIREMENT AGE
October 1st, 2017
A recent survey conducted by University of Malaya’s Social Security Research Centre (SSRC) has pointed to a growing number of Malaysians wishing to work as long as their health permits, despite having savings or investments.
Close to half of the respondents aged 60 and above continue to work, most of them feeling their savings are insufficient, said a report released in October.
Malaysia, which in 2013 increased the minimum retirement age from 55 to 60 for private sector employees, is expected to become an “ageing nation” in 2020 when the percentage of ...
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