Proposed abolition of pension gets mixed reaction

KUCHING: The proposed abolition of the pension scheme for civil servants has raised various viewpoints.

Some may see it as a move to review the cost and effectiveness of the pension system, while others may worry about the impact on the well-being of civil servants.

Opinions on this matter can vary depending on individual perspective and long-term goals.

New Sarawak Tribune speaks to the public to comment on this matter.

Dayang Nuriznaini

DAYANG NURIZNAINI AWANG JOBLI, 25
Administrative staff

The abolition of the pension scheme for civil servants can provide space for the transformation of the country’s financial system and improve long-term financial sustainability. However, care must be taken to ensure a balanced social and economic impact and proper protection of workers’ rights. Any change should involve continuous dialogue and fair adjustment for all parties. The abolition of the pension scheme can also provide an opportunity to promote a more flexible pension system and focus on the concept of personal savings or a performance-based pension programme. This may stimulate individual responsibility for their personal financial planning. However, this kind of transition requires a mature strategy to ensure that the well-being of workers’ pensions is not unfairly affected. Overall, this abolition step needs to be balanced with wisdom and justice for all parties involved.

Aidel Regi

AIDEL REGI, 54
Pensioner

In addition, the abolition of the pension scheme can also trigger issues related to social stability. Civil servants who may feel affected by these changes may show dissatisfaction or protest, which may affect the overall well-being of society. Therefore, it is important to consider the psychosocial impact and find solutions that minimise social discomfort and focus on sustainable development. In addition, improvements in the process and administration of the pension system need to be integrated to ensure efficiency and fairness. Abolition should be accompanied by phased transitional measures and accompanied by a people-centred approach to ensure the well-being of workers and the stability of society.

Nur Syaffarina Ossen

NOOR SYAFFARINA OSSEN, 29
Public Servant

In my opinion, if the pension for new government staff is abolished, people may lose interest in joining the government sector. This is because the private sector often offers larger salaries and better benefits, especially through the Employees Provident Fund (EPF). For those in uniformed services, pension should not be eliminated, as they play a crucial role in maintaining national security. Without a pension system, the younger generation might not be inclined to join such essential roles.

Mohd Zambry Sulaini

MOHD ZAMBRY SULAINI, 33
Public Servant

The pension scheme is crucial for the people of Malaysia. Millions of Malaysians still hope for the continuation of the pension scheme. If the abolition of the pension scheme goes through, I believe that many young individuals will lose interest in working in the government sector and opt for jobs in the private sector that offer more benefits and higher salaries. It is hoped that there is still a ray of hope for the younger generation in the coming years.