CivilService

Solving a RM1.3 trillion pension liability problem

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[ WHEN Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi said in January that the government is scrapping the pension scheme for new civil servants as part of its pension reform plan, it was met with much resistance. For many civil servants, they do not mind the lower salaries as they are assured of a … Read more

A relook at the pension scheme

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[ PLANNED reforms to revive the government’s finances have continued to gather pace since the start of this year. This follows a recent announcement that, in addition to subsidy rationalisation, the government is looking at potentially abolishing the civil service pensions scheme for new employees. Read original article here Denial of responsibility! Genx Newz is … Read more