Minimum Retirement Age in private sector in Malaysia

THE long-awaited implementation date of the new retirement age of 60 instead of 55 in the private sector has finally been announced.

The Minimum Retirement Age Act 2012 will come into effect from July 1, 2013. Employers have a six-month moratorium up to Dec 31 next year to fully come on board.

More: The Star..Get maximum advantage from Minimum Retirement Age Act