retirement age can be raised for some to make sure that the old people's mind are still fresh. in your case, you should still be working instead of being retired cos your mind is not fresh at all.
The real reason for the call to raise retirement age to 65 is HOUSING LOANS. Many are stuck with humangous loans and they have to let their children to continue payment, else the property would be confiscated for auction.
Nowadays, those above 35 find it difficult to get a permanent job. What is the point of raising it if no one is willing to hire? Job ads specifically limit hiring age. The call is a selfish one just to finance their loans.
Many government systems are outdated, slow and inconsistent. This might be the issue causing the need of many civil servants to complete some simple task in an efficient way...If government can make more initiatives to implement more IT solutions to their systems, fresh grads would also have more employment opportunities.
When a man is cultivating his farm, self-employed or operating his factory then the retirement has not much meaning to him. Even his age has exceeded 60 or 65, he would be more than willing to continue to take care of his business even though his children are already chipped in before their father pass on.
More people under the employment are affected by the change of retirement age. Some are tired of their colleagues after years in the offices/factories and some are experiencing decline of health before, so they prefer no extension of retirement age. They have lesser influence from the unsettled loans with banks. This is one of the groups.
Another group consist of people who are appealing to the employer to extend gain and again so they can continue to work. Most likely they still enjoy their workloads with their experiences gathered all along their career paths. This group of employees are supposedly still healthy and alert else the employer will not agree to their extension of work contracts.
However, biblically the word "retirement" does not appear in the Hebrew vocabulary. In the Old Testament, the Creator created the human being to live a life that reaching the fulfilment, no laziness, no chicken out half way through the purpose of your life and he/she should be productive and died as a very old man/women like Abraham/Isaac/Rebecca/Jacob/Rebecca/Moses.
It does not mean one actually has to work and work until he/she died. It merely mean that one should continue to live as a productive person, contributing to the family/society and the economy.
France is burning every few other months. The protesters were brough to the streets and violence occurred when the French President announced that the retirement /pension age is to be increased from 62 to 64 . Why the increase of the pension age?
It has to be related to the coffer/treasury of the country.
Imagine if you are 61 year old now. You have already planning your holiday trips that will take place in 12 months time but that plan was thwarted by this announcement/enactment.
The government that has lesser and lesser of money is on the verge of bankruptcy, will need to delay/postpone the payment of pension funds to those retired workers/government staff.
Anyway, Europe is declining and France is one of them.
Malaysia no hope, we already gave chance n hope, but disappointing keep going on after change leadership. We changed from normal taste to LGBT taste, but taste keep on same taste, sometimes sour with increasing of food .
*Only For Academic Purposes. The root cause why majority does not have enough to retire? KWSP is the biggest money lender in the Bond market to Federal Government, GLC, GLIC and private companies. Ketua Audit Negara 2021 reports that Federal Government borrowed from Pensioners of KWAP, Workers of KWSP, Depositors in Banks, Savers un Insurance Companies and investors in Unit Trust RM1300 Billion. But only RM190 Billion can be found in its assets. Can any one with common sense tell us what happens when a Government or a Company liabilities is greater than its assets and what will come of KWSP and etc as money lender?
Retirement age raised to 65 is only good for civil servants . Nothing good for private sectors employees if they retired early and unable to cash out their savings from EPF.
it was a mistake to raise it to 60! now see so many youngsters no jobs! all the old buggers hogging their jobs depriving youngsters the opportunity to gain income and working experience.
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Posted by speakup > 2023-04-27 21:07 | Report Abuse
Kesian fresh grad takde kerja if retirement age naik ke 65