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  2. Malaysia PM says to increase pay for govt workers from ... - AOL

    www.aol.com/news/malaysia-pm-says-increase-pay...

    Malaysia will switch to a new public service compensation scheme from Dec 1 that will see broad pay hikes and salary restructuring for the country's 1.6 million civil servants, Prime Minister ...

  3. Retirement Fund (Incorporated) - Wikipedia

    en.wikipedia.org/wiki/Retirement_Fund_(Incorporated)

    Prior to KWAP's establishment, the public pension fund in Malaysia was managed by the Pensions Trust Fund (Malay: Kumpulan Wang Amanah Pencen), whose operations fell under the responsibility of the Accountant General. [4] [5] The Pensions Trust Fund grew from an initial government grant of RM500 million in 1991 to RM42 billion in 2007.

  4. Employees Provident Fund (Malaysia) - Wikipedia

    en.wikipedia.org/wiki/Employees_Provident_Fund...

    (US$238 billion), [6] making it the fourth largest pension fund in Asia and seventh largest in the world. [ 7 ] As of 2012, the EPF functions by requiring a contribution of at least 11% of each member's monthly salary and storing it in a savings account, while the member's employer is obligated to additionally fund at least 12% of employee's ...

  5. Retirement age - Wikipedia

    en.wikipedia.org/wiki/Retirement_age

    If you start after age 65, payments will increase by 0.7% each month (or by 8.4% per year), up to a maximum increase of 42% if you start at age 70 (or after). [31] Chile: 65 60 [32] China: 63 55–58 2024 The new retirement age was announced on 13 September 2024 and is now 63 for men, 58 for female civil servants and 55 for female workers.

  6. Malaysia's pension fund EPF appoints Alizakri Alias as new ...

    www.aol.com/news/malaysias-pension-fund-epf...

    KUALA LUMPUR (Reuters) - Malaysia's Employees Provident Fund (EPF) said it has appointed Alizakri Alias as the pension fund's new chief executive effective on Aug. 20, according to a statement on ...

  7. 2024 in Malaysia - Wikipedia

    en.wikipedia.org/wiki/2024_in_Malaysia

    July 26 – August 11 : Malaysia at the 2024 Summer Olympics [28] July 28 – Malaysia formally applies to become a member of the BRICS economic bloc and geopolitical organization. [29] July 30 – Former Prime Minister Mahathir Mohamad is discharged from the National Heart Institute (IJN) after a two-week stay for treatment of a cough. [30]

  8. Pensions crisis - Wikipedia

    en.wikipedia.org/wiki/Pensions_crisis

    Old-age dependency ratio (2017) [1]. The pensions crisis or pensions timebomb is the predicted difficulty in paying for corporate or government employment retirement pensions in various countries, due to a difference between pension obligations and the resources set aside to fund them.

  9. Civil service in Malaysia - Wikipedia

    en.wikipedia.org/wiki/Civil_Service_in_Malaysia

    Malaysia’s bureaucracy is one of the biggest in the world, with 1.7 million civil servants to a population of 32 million, a ratio of 4.5% compared with Singapore’s ratio of 1.5% civil servants to total population, Hong Kong’s 2.3% and Taiwan’s ratio of 2.3%. [3]