IDEAS home Printed from https://ideas.repec.org/a/ukm/jlekon/v46y2012i2p29-35.html
   My bibliography  Save this article

Impact of Increasing Retirement Age on Longevity Factor: An Empirical Study for Government Pensioners in Malaysia

Author

Listed:
  • Ibrahim, Rose

    (Faculty of Science & Technology Universiti Sains Islam Malaysia 71800 Bandar Baru Nilai, Negeri Sembilan, MALAYSIA)

Abstract

Most contemporary research indicates that life expectancy in most countries is increasing. Since average life expectancy tends to increase over time for males and females, mortality risks tends to be smaller over time. Therefore, it is expected that pensioners will tend to live longer and cause an increase in pension liabilities to the government in the future. The government is looking for solutions to decrease the effects of increased longevity on pension costs. The most common changes recommended are to equalize the retirement age for males and females; and to increase the age of retirement. Since pensions are paid for the rest of pensioner’s life; and to the spouse and child of the pensioner (if any) in the form of a derivative pension in the event of the death of the pensioner, the longevity factor can be considered as an important element when constructing an effective Government Pension Scheme. This paper estimates the longevity factor for case of government pensioners who survives and also dies at the particular age of retiement; and examines the impact of increasing retirement age on longevity factor. Based upon the findings, the overall longevity factors for a government pensioner who survives and dies are observed to decreases as retirement age increases.

Suggested Citation

  • Ibrahim, Rose, 2012. "Impact of Increasing Retirement Age on Longevity Factor: An Empirical Study for Government Pensioners in Malaysia," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 46(2), pages 29-35.
    • Handle: RePEc:ukm:jlekon:v:46:y:2012:i:2:p:29-35
    as

    Download full text from publisher

    File URL: http://www.ukm.my/jem/wp-content/uploads/2021/06/jeko_462-3.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ukm:jlekon:v:46:y:2012:i:2:p:29-35. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Muhammad Asri Abd Ghani (email available below). General contact details of provider: https://edirc.repec.org/data/feukmmy.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.