MANY Malaysian workers will have to keep working past the official retirement age because more than 50% - or 6.67 million workers - have less than RM10,000 in savings under the Employees Provident Fund (EPF) scheme.

Malaysia is not a welfare state and will not be able to fully support these retirees. Therefore, like it or not, they will have to keep working after they reach the official retirement age of 60.

by:
Prof. Dr. Tan Peck Leong
Professor, Arshad Ayub Graduate Business School, UiTM

Source: The Star

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