KUALA LUMPUR, July 10 (Bernama) -- The Malaysian Trades Union Congress (MTUC) is unhappy that exemptions are being given to hundreds of employers on implementing the minimum mandatory retirement age of 60.
Its secretary-general Abdul Halim Mansor said this would have adverse implications on workers, among them employees would be employed as contract workers, lose Socso protection, see their Employees Provident Fund contributions drop to 60 per cent and forego many other perks.
"MTUC objects to the decision of the the Human Resources Minister (Datuk Richard Riot) to give exemptions on implementing the minimum retirement age to 258 companies which applied for the waiver under Section 18 of the Minimum Retirement Age Act 2012.
"The minister's statement that this was agreed to by the Tripartite Body (Unions, Government and Employers) is not true based on the minutes of the meeting which the MTUC has," he said in a statement here today.
He also expressed disappointment that the exemption was also given to giants like BASF Petronas and the Boustead Group.
The Act came into effect on July 1.
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