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THREE GIFTS FOR MALAYSIAN GOVERNMENT PENSIONERS
Excerpt From The Budget Speech Delivered
By Y.A.B
Datuk Seri Mohd Najib Bin Tun Abdul Razak
While Tabling The 2012 Budget At The Dewan Rakyat
On 7th October 2011
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1. |
The Government realises the financial burden faced
by pensioners. With the implementation of SBPA (Skim Saraan Baru
Perkhidmatan Awam), more than 600,000 Government pensioners will
benefit from a pension adjustment which involves an allocation of
RM600 million. |
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Note :
The pension adjustment referred to will be implemented by operation
of law, specifically the Pension Adjustment Act 1980 (Act 238,
effective beginning with the implementation of the new salary, i.e.
2012.
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2. |
Effective 2013, the Government will implement
an annual pension increment of 2% without having to wait for any
review of the remuneration system or salary adjustments.
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3. |
Recognising the support and commitment shown by civil
servants towards achieving the national development goal, I am
pleased to announce an additional bonus of half-month salary with a
minimum payment of RM500 and an assistance of RM500 to Government
pensioners. This will be paid together with the December salary
this year. For 2011, this totals to one month pay with a minimum
payment of RM1,000 for civil servants and RM1,000 for Government
pensioners. |
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