'Defined contribution' scheme for new civil servants puts country in sustainable fiscal position, says economist

KUALA LUMPUR" The government's plan to place new civil servants under the "defined contribution'”scheme instead of "defined benefits” pension scheme will put the country's public finance in a long-term sustainable position, says an economist.

Sunway University economics professor Dr Yeah Kim Leng opined that the decision is an important measure to gradually reduce rising pension liabilities.