Friday, November 16, 2012

MTUC pushes for new retirement age

KUALA LUMPUR 09 November 2012: THE Malaysian Trades Union Congress (MTUC) is seeking urgent talks with the Human Resources Ministry following news that the new minimum retirement age of 60 will not be implemented in January.

This came after a ministry spokesman told the New Straits Times yesterday that it “definitely” would not be implemented in January although the Minimum Retirement Age Act 2012 had been gazetted on Aug 16.

The spokesman attributed the delay to unresolved issues surrounding the

implementation of the minimum wage scheme. He said this was to avoid burdening private sector employers should the minimum wage and minimum retirement age initiative be implemented together.
"That is why the ministry is taking precautions, keeping in mind the interests of employers as well."
He said the new retirement age could take effect at "another date next year, hopefully".

In an immediate reaction, MTUC president Mohd Khalid Atan said the congress needed to meet the ministry urgently to clarify speculation on the new retirement age for private sector workers.

He said MTUC leaders held a recent discussion with the ministry but were clueless as to the actual date of the implementation.
MTUC in July had called on the private sector to extend the retirement age from 55 to 60 years immediately, given the six-month wait for bills to be gazetted and implemented.

It said that in the meantime, thousands of workers reaching the mandatory age of 55 would be retiring. MTUC said it was concerned with these workers' status since they had made representations to it to seek re-employment.
Human Resources Minister Datuk Seri Dr S. Subramaniam said the eligibility for invalidity pension for Social Security Organisation members would also be raised from 55 to 60.



Read more: MTUC pushes for new retirement age - Top News - New Straits Times http://www.nst.com.my/top-news/mtuc-pushes-for-new-retirement-age-1.168986#ixzz2CNRftzSe

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