Reforms needed on govt pension scheme: KJ

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Reforms needed on govt pension scheme: KJ
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PETALING JAYA: Reforms must be made to the government’s pension system urgently, or things will get worse in the future for Putrajaya’s finances, says former minister Khairy Jamaluddin.

Khairy said Putrajaya forked out about RM30 billion to pay pensioners in 2022, making up nearly 10% of the government’s expenditures in its annual budget.The ex-Rembau MP also pointed out that former prime minister Ismail Sabri Yaakob had said that pension payments are expected to reach an estimated RM46.6 billion in 2030.

On Wednesday, Cuepacs rejected proposals to do away with or reduce the pension benefits of civil servants, describing such suggestions as “absurd and unwarranted”. Its president, Adnan Mat, said pensions should be regarded as a form of recognition for civil servants’ services and contributions, rather than a burden on the government.

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