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A proposal to review and potentially raise Malaysia’s mandatory retirement age has drawn mixed reactions from Malaysians, with some supporting the move amid longer life expectancy and rising living costs, while others fear it could further limit employment opportunities for younger workers.
This, after former Employees Provident Fund (EPF) chief executive officer Tan Sri Shahril Ridza Ridzuan suggested for the country’s mandatory retirement age of 60 to be reviewed and potentially raised.
Shahril said that Malaysians were increasingly willing and able to remain economically active beyond 60, making it necessary to consider more flexible retirement arrangements.
