Second finance minister says more info on new civil service pension scheme by year’s end

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Civil Service Pension Scheme News

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KUALA LUMPUR, Aug 20 — Finance Minister II Datuk Seri Amir Hamzah Azizan said details of the new civil service pension scheme are expected to be released by the end of the...

Second Finance Minister Datuk Seri Amir Hamzah Azizan attends the launch event of the National Fraud Portal at Sasana Kijang, in Kuala Lumpur August 20, 2024. — Picture by Raymond ManuelKUALA LUMPUR, Aug 20 — Finance Minister II Datuk Seri Amir Hamzah Azizan said details of the new civil service pension scheme are expected to be released by the end of the year.

“I think early in the year we announced that all new civil servants, including those who join via contract, will contribute to the Employees Provident Fund . This is still being refined by the PSD. Amir Hamzah reiterated that the new scheme would help the government’s finances while also giving civil servants another option for retirement.

 

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