KUALA LUMPUR: The armed forces is prepared to study suitable schemes for personnel who retire early without obtaining pension.
Armed Forces chief General Tan Sri Affendi Buang said a comprehensive study is being carried out to assist soldiers who retire early to continue with their lives after terminating their service.
He said some veterans who retired early in their 40s still have various commitments, including schoolgoing children as well as house and car which have not been paid.
"The armed forces will study suitable schemes for them so that veterans do not have to undergo hardship," he told reporters after a 2020 Warriors' Fund Campaign (Matching Grant) presentation to 83 veterans' associations at Wisma Perwira here today.
Also present was Defence Ministry secretary-general Datuk Seri Muez Abdul Aziz.
Affendi said even though the armed forces needed young personnel, it also needed holistic changes to pension schemes for its personnel.
In April, the Defence Ministry in a proposal made it compulsory for armed forces personnel to serve 21 years to be eligible for pension.
The proposal will involve amending the Armed Forces Act 1972 on pension and compensation regulations.
Currently, armed forces personnel have the choice to retire with 12, 15 or 18 years' service without getting pension. – Bernama
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