By JOSEPH LOH
sunday@thestar.com.my
With the lifespan of a Malaysian man projected to be 74.4 in 2025, will the individual be able to support himself into old age if he retires at 55? It may be a win-win situation if the age is extended as keeping those beyond 55 would boost the workforce.
IF MALAYSIA’S maximum retirement age is increased to 60, there could potentially be close to a million more workers to boost the nation’s workforce within five years.
Extending the “traditional” retirement age from 55 could very well be part of a solution to reduce the country’s reliance on foreign workers.
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