Are health and experience sufficient reasons to raise retirement age?

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Health and Experience Alone Are Insufficient Justifications to Raise Retirement Age

The proposal to increase the mandatory retirement age from 60 to 65 years is facing opposition, with arguments that health and experience, while valuable, should not be the sole bases for such a significant policy change. Concerns are particularly raised regarding the potential impact on job opportunities for the younger generation. The Sabah Government Teachers’ Union (KGKS) has voiced its opinion that the proposal is currently inappropriate and should not be implemented, citing the need to balance the labour market and youth development.
Concerns Over Youth Employment Prospects

A primary objection to raising the retirement age centres on the limited availability of positions for new workers. Malaysia reportedly produces over 300,000 graduates annually, including those in education. If individuals remain in their jobs until age 65, it could create difficulties for these new graduates in securing permanent employment, thereby diminishing future job prospects for the youth.
Rejection of Health and Experience as Sole Justifications

The president of KGKS, Gundohing Murkam Hj Hussien, stated that factors such as continued good health and accumulated experience should not be the principal reasons for advocating an increase in the retirement age. This perspective suggests that these criteria alone do not fully address the complexities of labour market dynamics and the need for generational progression in the workforce.
Potential Long-Term Impact on Youth Development

The implementation of a higher retirement age, based solely on health and experience, could have a long-term adverse effect on youth development. This viewpoint emphasizes that such a policy might inadvertently hinder the career progression of younger individuals and disrupt the established balance within the national labour market, which is crucial for sustained economic and social growth.

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Are health and experience sufficient reasons to raise retirement age?

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