Civil Service and Military Pension Reforms in Indonesia, Malaysia and Singapore

Civil Service and Military Pension Reforms in Indonesia, Malaysia and Singapore

The 2008 Global Crisis and demographic trends in Indonesia, Malaysia, and Singapore has increased the urgency of reforming their pension systems for enhancing financial, fiscal, and economic sustainability over a long period, and mitigating possible adverse economic impacts. As national and international mobility of labor becomes more pronounced, the implications of superior pension benefits for civil servants and the military personnel as compared to private sector workers merit review.