KUALA LUMPUR, Oct. 15 -- Should Malaysia push its retirement age up from 60 to 65, and if yes, how can it be done?

Currently, Malaysia's minimum retirement age of 60 means private sector employees are protected from premature retirement before 60, while civil servants have a mandatory retirement age of 60.

However, global pension expert William Price said Malaysia needs to gradually increase its retirement age to at least 65 as Malaysians are living longer.

He said "it's very strange that Malaysia's retirement age has been so low for so long" when many other countries had increased theirs.

"Usually some countries do it in a crisis period where suddenly they have to increase it very rapidly and that's tough," he told Malay Mail at the ...