Is it a good news for you? Maybe.. maybe not. But I don’t think this is a good news, especially for fresh graduate. We have a high number of unemployment among fresh graduate nowadays, so if the retirement age for both private sector and public sector raised to 58… it will make difficult for fresh graduate to get a job.
58 years old is very old lah. They may have diabetes, heart disease… not too healthy anymore at that age. It is also a good time to spend with family and going to the mosque. Companies also have to pay them higher salary as compared to hiring a fresh graduate (sure with less salary ~ it is cost saving, isn’t).
Read more at The Star: Private sector retirement maybe raised to 58.