MALAYSIA’S retirement age is set at 60, although it is yet to be certain if it will remain so or will increase following the general state of retirement savings and healthy ageing among Malaysians, whose life expectancy now stands at 75.
This is still below the average retirement age in OECD (Organisation for Economic Cooperation and Development) countries, which was recorded at 63.6 years for women and 64.4 years for men in 2022. Many countries have increased their retirement age to keep up with the growing aged population, albeit in strategic and gradual phases.
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