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The Impact on Pension Liabilities of Malaysian Government Pension Scheme from Remarriage Due to Removal of Pension Clause

In the event of death of any government employee, their monthly pension will be given to their widow and their child. The government will stop paying that pension when the widow died and when the widow chooses to remarry. However, in 1st January 2002, the remarriage clause has been removed from the...

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Main Author: Rose Irnawaty, Ibrahim,
Format: Conference Paper
Language:en_US
Published: Amer Inst Physics 2015
Subjects:
pension liabilities
pension factor
remarriage clause
Online Access:http://ddms.usim.edu.my/handle/123456789/8997
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spelling my.usim-89972015-08-07T08:03:43Z The Impact on Pension Liabilities of Malaysian Government Pension Scheme from Remarriage Due to Removal of Pension Clause Rose Irnawaty, Ibrahim, pension liabilities pension factor remarriage clause In the event of death of any government employee, their monthly pension will be given to their widow and their child. The government will stop paying that pension when the widow died and when the widow chooses to remarry. However, in 1st January 2002, the remarriage clause has been removed from the regulations. This would allow all widows who remarried to receive pension as usual. In view of this, there are possibilities that those widows who are still young might remarried. If many of the widows choose to remarry, it will be a burden to the government as it would increase the pension liabilities. However, we do not know how many of the widow will remarry. In view of this, the purpose of the study is to assess the impact to pension liabilities of government pension schemes on individual life due to removal clause of the remarriage by determining the pension factor and to assess to what extent the pension liabilities of government pension schemes would be affected. 2015-08-07T08:03:43Z 2015-08-07T08:03:43Z 2014-01-01 Conference Paper 978-0-7354-1274-3 0094-243X http://ddms.usim.edu.my/handle/123456789/8997 en_US Amer Inst Physics
institution Universiti Sains Islam Malaysia
building USIM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universit Sains Islam i Malaysia
content_source USIM Institutional Repository
url_provider http://ddms.usim.edu.my/
language en_US
topic pension liabilities
pension factor
remarriage clause
spellingShingle pension liabilities
pension factor
remarriage clause
Rose Irnawaty, Ibrahim,
The Impact on Pension Liabilities of Malaysian Government Pension Scheme from Remarriage Due to Removal of Pension Clause
description In the event of death of any government employee, their monthly pension will be given to their widow and their child. The government will stop paying that pension when the widow died and when the widow chooses to remarry. However, in 1st January 2002, the remarriage clause has been removed from the regulations. This would allow all widows who remarried to receive pension as usual. In view of this, there are possibilities that those widows who are still young might remarried. If many of the widows choose to remarry, it will be a burden to the government as it would increase the pension liabilities. However, we do not know how many of the widow will remarry. In view of this, the purpose of the study is to assess the impact to pension liabilities of government pension schemes on individual life due to removal clause of the remarriage by determining the pension factor and to assess to what extent the pension liabilities of government pension schemes would be affected.
format Conference Paper
author Rose Irnawaty, Ibrahim,
author_facet Rose Irnawaty, Ibrahim,
author_sort Rose Irnawaty, Ibrahim,
title The Impact on Pension Liabilities of Malaysian Government Pension Scheme from Remarriage Due to Removal of Pension Clause
title_short The Impact on Pension Liabilities of Malaysian Government Pension Scheme from Remarriage Due to Removal of Pension Clause
title_full The Impact on Pension Liabilities of Malaysian Government Pension Scheme from Remarriage Due to Removal of Pension Clause
title_fullStr The Impact on Pension Liabilities of Malaysian Government Pension Scheme from Remarriage Due to Removal of Pension Clause
title_full_unstemmed The Impact on Pension Liabilities of Malaysian Government Pension Scheme from Remarriage Due to Removal of Pension Clause
title_sort impact on pension liabilities of malaysian government pension scheme from remarriage due to removal of pension clause
publisher Amer Inst Physics
publishDate 2015
url http://ddms.usim.edu.my/handle/123456789/8997
_version_ 1645152516131782656
score 13.222552

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