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1. |
Optional
Retirement |
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- permanent and confirmed personnel who has
been conferred a pensionable status;
- not less than 40 yeras of age on the date of
agency being privatised;
- not less than 10 years of reckonable;
- eligible for gratuity on the date of pension/privatisation;
- pension wouldbe paid upon reaaching 45 years
for female or 50 years for male personnel;
| (i) |
Pegawai
Perkhidmatan Bomba (Grade KB11/KB10) or |
| (ii) |
Pegawai Polis
(from Grades Y14 to Y7) or |
| (iii) |
Pegawai Penjara
(from Grades KX12 to KX6) |
| (iv) |
Mental Hospital
Nurse |
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2. |
Retirement on being Appointed to Serve an
Organisation |
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less than 45 years for females personnel and 50
years for male personnel on the date of privatisation; |
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permanent and confirmed personnel; |
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may choose either– |
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a. |
A Scheme, scheme of service similar to that of the
Government;
- salary, allowances and terms of service
similar to the scheme in the Government
- may change to B Scheme within 2 years of privatisation
- must work with the company for not less than
5 years
- for appointment into the public service
before 16.5.1986, pension and gratuity will be paid upon
reaching 45 years for female or 50 years for male or 55 years
for female and male personnel in accordance to the option
- for appointment into the public service after
16.5.1986, pension and gratuity will be paid upon reaching 55
years
- for statutory bodies and local authorities
pension and gratuity will be paid upon reaching 55 years
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b. |
B
Scheme, company scheme of service
- new salary and company terms of service
- contribute to the EPF
- eligible for company shares and bonus, if any
- must workfor the company for not less than 5 years
- pension and gratuity would be paid upon reaching 45
years for female or 50 years for male
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