Skip to main
Malaysiakini logo

Proposals for reform: Cap on MP pension to indexing to GDP

This article is 8 days old

While replacing MP pensions with Employee Provident Fund (EPF) contributions appears to gain public support, some quarters have other suggestions for reforming MP retirement schemes.

Instead of completely abolishing pensions for a superannuation scheme like EPF, Bersih executive director Ooi Kok Hin said another form of control could be to cap pensions if they exceed RM10,000 a month.

This would ensure that elected representatives...

Verifying user