KUALA LUMPUR: Most employees in Malaysia expect to retire only between the ages of 60 and 65 when compared with their counterparts in Singapore and Hong Kong, according to a recent report.
Another factor why Malaysians may have to work past the current retirement age of 60 is that they could have planned far less for retirement and might find it difficult to be able to retire with a comfortable pension.
The Randstad Workmonitor first quarter 2015 survey released on Thursday said more than seven in 10 (or 76%) of employees in Malaysia believed they would have to work longer than the current retirement age in Malaysia.