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Saturday, January 21, 2017

From corporate high-flyer to taxi driver



The legislation raising the minimum retirement age for the private sector from 55 to 60 in 2012 was a welcome move for many.
Many workers felt it gave them an opportunity to grow their nest egg and fulfill other obligations like paying for tertiary education for their children.
In fact, with 78 percent of Malaysians with insufficient funds for retirement in the Employees Provident Fund accounts, many are seeking employment beyond retirement age to make ends meet in their twilight years.
One man who spoke to Humans of Kuala Lumpur opted for a more flexible job after hanging up his corporate suit and tie at the age of 60.
Instead of just chasing cash, he said, he wants time to chase his grandchildren.
“Unlike young people, I'm not running out of money, I am running out of time,” he said.
He shares his views in his own words:
My previous employer, Yamaha offered to take me back out of retirement to work on a contractual basis. They were offering me RM20,000 a month, as I was in charge of marketing before.
But I said no because the one thing that I regret as I look back, was that I missed seeing my kids grow up.
I wasn’t there for them, as I had to travel a lot to Japan and many other countries.

You work, you work, and drink a lot after work, and make tonnes of money.
Before I knew it, they had grown up.
And it’s not like I need the money (to continue working in a corporate job post-retirement)... I have enough to live comfortably in retirement.
Unlike young people, I’m not running out of money, I am running out of time.
Finally, I get to enjoy my hobbies and see more of my grandchildren.
And being a taxi driver, makes me happy. You know why? If I want to wake up anytime and start working, I can do it. And if I don’t feel like working, I don’t have to. I am my own boss.- Mkini

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