Public Service Reform: From Pensions to EPF – Good Move?

The government of Malaysia has announced its intention to abolish the popular pension system for future civil service recruits and switch to retirement funds by way of EPF savings.  But is this a good move – one that would benefit members of the civil service and the country as a whole or will this be detrimental to members of the civil service, especially those earning lower wages? We speak to Lee Hwok-Aun, Senior Fellow of the Regional Economic Studies Programme, and Coordinator of the Malaysia Studies Programme, ISEAS – Yusof Ishak Institute. Image credit: ShutterstockSee omnystudio.com/listener for privacy information.