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Govt assures MAF pension adjustments will not be withdrawn if court case is won

Summary by Selangor Journal

KUALA LUMPUR, Feb 20 — The Madani government has assured that the pension adjustments for Malaysian Armed Forces (MAF) retirees who retired before and after January 1, 2013, will not be withdrawn if the government wins its case at the Court of Appeal. Defence Minister Datuk Seri Mohamed Khaled Nordin said the government’s stance is that the pension method for retirees before and after January 1, 2013, remains the same, as the formula has never b…

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Selangor Journal

Govt assures MAF pension adjustments will not be withdrawn if court case is won

2 days ago

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Demokracija

Pension adjustment: Not exactly something to jump for joy about! - Demokracija

By: Moja Dolenjska The board of the Pension and Disability Insurance Institute (ZPIZ) will determine the pension adjustment (increase) at today’s session. The institute’s financial plan anticipates a 4.6% adjustment, but according to forecasts, the increase will only be 4.5%. The regular pension adjustment in February is calculated based on the systemic pension law, which stipulates that 60% of the average gross wage growth and 40% of the averag…

2 days ago

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