16 b. To encourage single mothers, persons with disabilities, retirees and others outside the labour forces to be engaged as part time workers, the Government made the Employment (Part - Time Employees) Regulations 2010 pursuant to its powers under subsection 2(4A) of the Employment Act 1955. The Regulations came into force on 1 October 2010. They outlined the benefits for older persons who re-enter formal employment , including Employees Provident Fund contribution, SOCSO contribution, paid annual leave and paid medical leave. c. In terms of social security, the Pensions Act 1980 is an Act for the administration of pensions, gratuities and other benefits to eligible civil servants and dependents. It provides monthly pensions for retirees and other benefits for the rest of life. The amount received by pensioners depends on their last drawn salary and period of their services. d. At the same time, the Employees Provident Fund Act 1991 provides for a mandatory retirement saving fund for employees in the private sector as well as civil servants who are not under the pension fund scheme. Both employers and employees contribute to the fund while in employment. Retirees can withdraw their funds in one lump sum upon retirement unless other arrangements are made. Employee’s contribution is allowed up to the age of 75 as long as the person is employed. In 2010, the Government introduced the 1Malaysia Retirement Savings Scheme for those who are self-employed or without fixed monthly income to ensure that they would have their own retirement fund. The scheme was initially available for 5 years i.e. until 2014. However, the Government announced in the National budget 2014 that the scheme would be extended to 2017 with the increase of government’s contribution from 5% to 10% per year. REPORT ON CARE SERVICES FOR OLDER PERSONS AND SUPPORT FOR CAREGIVERS

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