Amir Isyam Abdul Rahim is IM Possible Solutions Sdn Bhd managing director and Tunku Scholar. He says stay prudent and save what you can while the details are being finalised on the new pension-like scheme.
THE government announcement on pension reforms will open a can of worms and lead to a loss of more talent to the private sector.
Civil servants receive lifelong monthly payments of a certain percentage of their last drawn salary under the current pension scheme. Unlike private retirement plans like EPF, this entitlement does not require monthly contributions from employees.
