The Malaysian Government Pension Scheme. Whither Its Future Direction?

Lee Kum Chee
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Lee Kum Chee: Faculty of Economics Universiti Malaya 59100 Kuala Lumpur

Jurnal Ekonomi Malaysia, 1997, vol. 31, 87-106

Abstract: Public sector employees in Malaysia are covered by the Government pension scheme. Benefits provided by the scheme include retirement benefits, survivor benefits and disability benefits. The financing of the scheme by the Government is a cause of concern in view of the large absolute amount of expenditure on pension benefits and the rising trend of such expenditures. This paper examines the financing of the pension scheme and the causes of its increasing costs as well as alternative options to the current system.

Date: 1997
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