Should MPs' pension be replaced with EPF?
The majority of parliamentarians in the Dewan Rakyat will only serve one or two terms in office and would not be able to accumulate significant retirement savings in lieu of a lifetime pension, according to several former MPs.
Former Serdang MP Ong Kian Ming said while a proposal to remove multiple lifetime pensions can be considered, it should not be confused with a separate proposal to shift civil servants from lifetime pensions to EPF contributions.
“The truth of the matter is, if an MP only serves for one term...
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